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Good morning. Stocks declined on Thursday as cybersecurity and the broader software sector fell on the heels of disappointing forecasts.
Big Tech stocks were dragged lower following Alphabet’s (GOOG) (GOOGL) rare top- and bottom-line miss. Shares of Microsoft (MSFT), which reported strong earnings on Wednesday, also erased a post-market rise amid a broader tech sell-off.
The Tech (XLK) sector declined, sending chip makers Nvidia (NVDA), AMD (AMD), and Broadcom (AVGO) all lower.
Here’s a check of the markets in the first few minutes of trading, based on a heat map powered by Yahoo Finance AlphaSpace data.
Brent crude oil futures (BZ=F) declined more than 2% to hover below $110per barrel while WTI (CL=F) also fell to trade near $100 ahead.
Here are some other notable stocks that Yahoo Finance readers are viewing this morning: Eli Lilly (LLY), Caterpillar (CAT), and ServiceNow (NOW).
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