Microsoft Selloff Pressures US Tech Stocks

US equities fell shortly after the opening bell on Thursday, with the S&P 500 down about 0.8% and the Nasdaq off roughly 1.6% after Microsoft shares plunged more than 11% following the company’s fiscal second-quarter report released after the bell on Wednesday. Microsoft beat revenue and profit estimates and reported cloud revenue topping $50 billion, but investors worried about slowing cloud growth and rising AI infrastructure spending, increasing pressure on Apple ahead of its Thursday report.