Big Tech’s Disappointing Earnings Erase $200 Billion in Value

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The so-called Magnificent Seven technology companies that have powered this year’s US stock rally are posting disappointing earnings, wiping $200 billion off their market value and threatening to push the S&P 500 into a correction.

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US futures rise amid earnings deluge, with big techs to come: Stock market news todayEyes are on results from Microsoft and Alphabet, the highlights in an avalanche of earnings reports on Tuesday.
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