US Equities: Megacap tech stocks plunged on Wednesday, with the Nasdaq 100 falling 2.5% to 14,382, marking the most substantial one-day decline of the tech-heavy benchmark in 2023. Alphabet plummeted 9.5%, as investors were disappointed in the tech giant’s cloud business results. On the other hand, Microsoft, rising 3.1%, outperformed the Nasdaq 100 after reporting an acceleration of its Azure AI-driven cloud system. Amazon lost 5.6% ahead of its reporting of earnings today. The S&P500 slid 1.4%. After the market closed, Meta initially rallied on Q3 results, showing a 167% Y/Y rise in EPS to $4.39, but quickly ... (full story)