U.S. stocks wavered Wednesday morning after reactions to weak earnings from Alphabet (GOOGL) and Microsoft (MSFT), raising concerns that slowing output could dent corporate profits in the coming months.
The technology-heavy Nasdaq Composite (^IXIC) plummeted by as much as 2% in early trading. Both the S&P 500 (^GSPC) and the Dow Jones Industrial Average (^DJI) inched higher by 0.4% and 0.9%.
Stocks have rallied of late, posting three straight days of gains. The Nasdaq jumped 2.3% in Tuesday…
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