Stock Market Today: Microsoft Earnings Weight on Stocks

Stocks opened sharply lower Wednesday as investors parsed an onslaught of corporate earnings updates.

Quarterly results from Microsoft (MSFT (opens in new tab)-0.6%) drew the most attention, as it is the first of the big tech giants on the earnings calendar. Late Tuesday, the software maker reported top- and bottom-line beats for the final three months of 2022, which initially sent MSFT stock higher in after-hours trading. However, a closer look at the company’s guidance sent shares – and the broader market – lower in today’s trading.

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