Big tech earnings drove a stock market rally. They won't be enough this time

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Mixed results from big tech companies like Microsoft, Alphabet and Meta won't be enough to pull stocks out of their yield-driven rut.

tell an investor that business-to-business spending might be picking back up and declines in cloud spending have bottomed. A peak atGoogle shares sold off about 9% while Microsoft salvaged gains of 3% as a rise in bond yields once again dragged the broader indexes lower and the tech-heavy Nasdaq Composite stock is getting way too cheap to ignore if you're enticed by the more than 7% dividend yield. The post Should You Buy CIBC Stock for its 7.

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With muted growth due to market uncertainty, this top tech stock might be a great addition to your portfolio for when the bull market begins again. The post 1 Tech Stock You’ll Be Glad You Bought When the Bull Market Roars appeared first on The Motley Fool Canada.Discover a world of exciting games, from heart-pumping action to brain-teasing puzzles. Get the latest versions of the top games in 2023.

 

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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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