The Dow Jones Industrials inched up 2.37 points to close Wednesday at 31,839.11,
The S&P 500 settled 28.51 points to 3,830.60.
The NASDAQ plummeted 228.12 points, or 2%, to 10,970.99.
Utilities and real estate traded slightly negative as a sector late in the day. They joined consumer discretionary, communication services and technology in the red.
Shares of Google-parent Alphabet dropped 8% after the tech giant missed expectations on the top and bottom lines. Alphabet also reported a decline in YouTube ad revenue, which spurred investors to deliberate the outlook for other tech companies that rely on ad spending.
Meanwhile, Microsoft declined about 7% after the tech giant reported weaker-than-expected cloud revenue in its latest quarterly results, despite beating earnings and revenue estimates. The company also issued current-quarter revenue guidance that fell short of expectations.
In other earnings news, Harley-Davidson shares rose 11.9% after the motorcycle maker reported beating expectations before the bell.
Boeing lost 8.9% after the jet maker reported a quarterly loss and missed revenue expectations.
Stocks attempted a rally earlier in the day, with traders attempting to shake off the quarterly results from Microsoft and Alphabet.
Treasury prices gained, lowering yields to 4.01% from Tuesday’s 4.09%. Treasury prices and yields move in opposite directions.
Oil prices heightened $2.79 to $88.11 U.S. a barrel.
Gold prices acquired $10.70 to $1,668.70 U.S. an ounce.
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