By STAN CHOE — AP Business Writer
Publication Date: 2026-01-29 16:43:00
NEW YORK (AP) — The worst day for Microsoft in years is yanking the U.S. stock market away from its record heights on Thursday. The fever in the gold and metals markets may be breaking, meanwhile, as prices pull back following their jaw-dropping runs.
The S&P 500 dropped 1.1% after flirting with its all-time high earlier in the morning. The Dow Jones Industrial Average was down 203 points, or 0.4%, as of 11:15 a.m. Eastern time, and the Nasdaq composite was 2.1% lower.
Microsoft was the heaviest weight on the market by far, and it sank 12.3% even though the tech giant reported stronger profit and revenue for the latest quarter than analysts expected. Investors honed in instead on how much Microsoft is spending on investments, whether growth in its Azure cloud business will slow and how long its push into artificial-intelligence will take to…
