S&P 500 falls 1% as Microsoft dive spoils Mag 7 earnings enthusiasm
Microsoft dragged down the benchmark with an 12% slide, which would be its worst day since March 2020. That’s after the “Magnificent Seven” member reported that cloud growth slowed in the fiscal second quarter. The company also issued soft guidance on operating margin for the fiscal third quarter.
A tumble in software stocks added to the losses, with as fears grew among investors that artificial intelligence would disrupt Microsoft’s business model. ServiceNow
shares pulled back 12% even after better-than-expected earnings and revenue for the fourth quarter. Shares of Oracle
and Salesforce
moved lower by 5% and 8%, respectively.
https://www.cnbc.com/2026/01/28/stock-market-today-live-updates.html
It’s all Microsoft’s fault today Kek. CNBC said so.