Stocks Suffer as Weak Microsoft Guidance and Mixed Earnings Drag Down Market

The stock market had a mixed day of trading on Tuesday as investors weighed a slew of earnings reports against weak guidance from Microsoft.

The Dow Jones Industrial Average fell 200 points at the open and closed down slightly, while the S&P 500 ended the day about flat.

Microsoft’s stock dropped 5% after the tech giant reported quarterly earnings that missed expectations and issued weak guidance. The company reported a decline in revenue from its Windows and Surface businesses.

Meanwhile, Tesla’s stock rose more than 4% ahead of the company’s earnings report, which is due after the market close.

Other companies reporting earnings included Johnson & Johnson, Goldman Sachs, and UnitedHealth.

Overall, the market was volatile as investors weighed the impact of the earnings reports and Microsoft’s guidance.