Mumbai, Jan. 30 -- The Dow ended the day up 55.96 points (0.1%) at 49,071.56 while the S&P 500 closed down just 9.02 points (0.1%) at 6,969.01.The tech-heavy Nasdaq ended the day more firmly negative, down 172.33 points (0.7%) at 23,685.12, although it had tumbled by as much as 2.6%.
Wall Street opened sharply lower as Microsoft (MSFT) tumbled 10% to its lowest level in nine months after reporting slowing cloud growth for its fiscal second quarter and issuing weaker-than-expected margin guidance for Q3. Analysts said the slowdown in cloud computing-central to the AI narrative-sparked concerns that heavy AI investments may be outpacing demand. Early selling was also driven by profit-taking after the S&P 500 briefly crossed the 7,000 mark ...
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