Crypto World
The Nasdaq Drops 2.5%. Microsoft Sparked Another Software Selloff.
The tech-heavy index dropped 2.5%. The S&P 500 was down 1.5%, even though a majority of stocks in the index were positive. The Dow fell 340 points, or 0.7%. Its biggest laggards were Microsoft, Salesforce, Nvidia, and Amazon.com.
Microsoft’s earnings report, which sent the stock down more than 12%, reignited a selloff in software stocks from earlier in the month.