LIVE MARKETS-Nasdaq falls more than 1% as Microsoft disappoints

Reuters
2026.01.29 15:37
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US stocks are down, with the Nasdaq falling over 1% due to disappointing performance from Microsoft, which is facing concerns over its OpenAI investments. The S&P 500 technology sector leads the declines, while energy shares rise alongside oil prices. Tesla's shares also drop despite reporting strong quarterly results. Meta Platforms sees gains after a positive earnings report. Investors are wary of geopolitical tensions, particularly regarding a potential U.S. military action against Iran. Apple is set to report its earnings later today.