Stock Market Today: Stocks Stumble on Ugly Earnings from Tech Bellwethers

Disappointing quarterly results from Microsoft and Alphabet interrupted an otherwise encouraging earnings season.

stock market chart in red
(Image credit: Getty Images)

Stocks closed mixed Wednesday as disappointing earnings from Google parent Alphabet (GOOGL, -9.1%) and Dow component Microsoft (MSFT, -7.7%) weighed on the major market benchmarks and the tech-heavy Nasdaq Composite in particular. 

The blue-chip Dow Jones Industrial Average finished up 0.01% at 31,840, while the broader S&P 500 closed off 0.7% at 3,830. The Nasdaq, under pressure not only from GOOGL and MSFT but also Facebook parent Meta Platforms (META, -5.6%) and (AMZN, -4.1%), slumped 2.0% to settle at 10,970. 

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Dan Burrows
Senior Investing Writer,

Dan Burrows is Kiplinger's senior investing writer, having joined the august publication full time in 2016.

A long-time financial journalist, Dan is a veteran of SmartMoney, MarketWatch, CBS MoneyWatch, InvestorPlace and DailyFinance. He has written for The Wall Street Journal, Bloomberg, Consumer Reports, Senior Executive and Boston magazine, and his stories have appeared in the New York Daily News, the San Jose Mercury News and Investor's Business Daily, among other publications. As a senior writer at AOL's DailyFinance, Dan reported market news from the floor of the New York Stock Exchange and hosted a weekly video segment on equities.

Once upon a time – before his days as a financial reporter and assistant financial editor at legendary fashion trade paper Women's Wear Daily – Dan worked for Spy magazine, scribbled away at Time Inc. and contributed to Maxim magazine back when lad mags were a thing. He's also written for Esquire magazine's Dubious Achievements Awards.

In his current role at Kiplinger, Dan writes about equities, fixed income, currencies, commodities, funds, macroeconomics, demographics, real estate, cost of living indexes and more.

Dan holds a bachelor's degree from Oberlin College and a master's degree from Columbia University.

Disclosure: Dan does not trade stocks or other securities. Rather, he dollar-cost averages into cheap funds and index funds and holds them forever in tax-advantaged accounts.