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Why so Down? - MarketDraft BlogMarketDraft Blog Why so Down? - MarketDraft Blog

Why so Down?

Today’s market drop in the NASDAQ and NYSE is driven primarily by disappointing earnings reports and guidance from major tech companies like Microsoft and Meta. Although Microsoft exceeded profit expectations, its forecasted revenue for the next quarter came in below market predictions. Meta also reported earnings that fell short of investor expectations, dragging its stock down by over 4% alongside other tech giants like NVIDIA. Broader economic concerns, including cautious guidance across sectors, election concerns, etc, also add to the current volatility.


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