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Stock market news today: Nasdaq tumbles as Google slides, Microsoft jumps after earnings

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The Google parent's cloud business fell short in its earnings, spreading some gloom for megacaps already under pressure from rising yields.

Other megacaps lost ground as the mixed picture sapped some faith in big techs, which have powered gains in stocks this year. Amazon -- Bank of America Corp.’s Jim DeMare warned of the knock-on effects of short-term Treasury yields at 5% and said higher interest rates are having a “dramatic change” on the biggest global industry trends.

No evidence of misconduct or fraud found beyond instance previously reported1 No findings identified that impact data integrity Company believes audit findings support reliability of positive TRANQUILITY II trial data and potential sNDA submission NEW HAVEN, Conn., Oct. 25, 2023 -- BioXcel Therapeutics, Inc.

 

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