Tech Stocks Tumble Following Fed Chief's Comments and Lower Earnings Reports

Despite growth in certain areas, Microsoft and Alphabet see share prices fall, while Apple and Meta prepare to report earnings.

Federal Reserve Chief Jerome Powell dismissed the possibility of a rate cut in March, leading to a sell-off in the stock market.
Tech stocks, including Microsoft and Google parent Alphabet, reported lower earnings, contributing to the market downturn.
Microsoft's AI efforts contributed to revenue growth in its Azure cloud business, but shares still fell by over 1%.
Alphabet's shares fell by more than 6% after missing expectations for advertising revenue, despite beating top and bottom line expectations and seeing growth in its cloud business.
Apple and Meta are set to report their earnings on Thursday, with high expectations for their performance.