Stock market today: World stocks fall as investors are underwhelmed by Big Tech earnings

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World stocks fell Wednesday as the earnings reporting season ramped up for big companies, with investors showing a lack of enthusiasm for results so far.

Germany’s DAX lost 1.1% to 18,363.59 while the CAC 40 in Paris was down 1.6% to 7,475.17. In London, the FTSE 100 declined 0.5% to 8,126.38.

Elsewhere, Hong Kong’s Hang Seng lost 0.9% to 17,311.05, led by the Hang Seng Tech Index which sank 1.5%. The Shanghai Composite shed 0.5% to 2,901.95. But the smaller stocks in the Russell 2000 continued their big run and rose 1%. They’ve zoomed higher amid hopes for coming cuts to interest rates., with the headliners of Alphabet and Tesla coming after trading closed for the day. Expectations are high, and analysts are forecasting the strongest profit growth for S&P 500 companies broadly since late 2021, according to FactSet.

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