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(CNBC) — The Nasdaq and S&P 500 slid Wednesday as traders assessed disappointing earnings from tech giants Microsoft and Alphabet.
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The Nasdaq dropped 2%. The S&P 500 lost 0.7%. The 30-stock Dow Jones Industrial average traded 3 points higher, near flat.
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.