Big Tech Earnings Drag Down Stocks - WSJ
1. S&P 500 dropped 1.9%, marking its first monthly loss since April. 2. Microsoft's cloud growth forecast disappointed investors, causing a 6.1% drop. 3. Overall technology sector struggled, impacting index performance heavily. 4. Jobless claims fell unexpectedly, indicating potential economic strength. 5. Earnings seasons reveal volatility in tech stocks, influencing investor sentiment.