Nasdaq 100 Drops as Microsoft Sinks 10% on Earnings Concerns
Business
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Moneycontrol•29-01-2026, 20:28
Nasdaq 100 Drops as Microsoft Sinks 10% on Earnings Concerns
- •Nasdaq 100 fell by approximately 1% following a shift in market focus to corporate earnings.
- •Microsoft Corp. shares plunged 10% due to investor concerns about the long-term payoff of its investments.
- •Meta Platforms Inc.'s positive outlook on AI spending helped ease broader market worries.
- •Commodities like gold and oil surged, with gold topping $5,500 and Brent crude hitting $70.
- •Bonds remained mildly lower and the dollar continued its losses, heading for its worst month since April.
Why It Matters: Microsoft's 10% drop after earnings hit Nasdaq 100, despite mixed corporate results and commodity surge.
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