Stock market news today: Nasdaq, S&P 500 sink with earnings in driver's seat

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Stocks are struggling under the weight of disappointing Big Tech earnings and rising bond yields.

Stock losses accelerated in mid-morning trading as investors digest the impact of disappointing Big Tech earnings reports, coupled with rising bond yields.during the period, faster than consensus forecasts.

Andy Saperstein and Dan Simkowitz, two other Morgan Stanley executives considered to be in the running for the job, were also given new titles and responsibilities. The UAW also revealed COLA provisions were reinstated, along with a new three-year wage progression scale , as well as the end of wage tiers. The union said it secured gains for workers with pensions and 401 plans but did not reveal exact specifics.

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Nasdaq, S&P 500 futures fall as Alphabet leads retreat in mega-cap stocksGoogle-parent Alphabet slid 6.6% in premarket trading as its cloud business crawled to its slowest growth in at least 11 quarters. Microsoft, on the other...
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Stock market news today: Stocks clobbered as Nasdaq drops 2.5% amid Google's slideTreasury yields pushed higher, putting more pressure on already strained tech stocks.
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Stock market news today: Nasdaq slides after mixed big tech resultsThe Google parent's cloud business fell short in its earnings, spreading some gloom for megacaps already under pressure from rising yields.
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Stock market news today: Nasdaq tumbles as Google slides, Microsoft jumps after earningsThe Google parent's cloud business fell short in its earnings, spreading some gloom for megacaps already under pressure from rising yields.
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