Why Was the Market Down Today?
Market Intelligence Analysis
AI-PoweredThe market experienced a downturn due to the impact of Microsoft's disappointing earnings on related software companies, including Atlassian, Datadog, and Intuit, with some tech stocks falling by at least 7%.
Market impact analysis based on bearish sentiment with 90% confidence.
Article Context
Several software companies affected by disappointing Microsoft earnings last week, including Atlassian, Datadog and Intuit, fell at least 7%. Other big tech stocks from Nvidia to Broadcom and Oracle struggled. Not all tech stocks dropped, however.
Analysis and insights provided by AnalystMarkets AI.