US stock markets feel headwinds from disappointing corporate figures

Wall Street has experienced a setback after select corporations presented their quarterly reports, which did not live up to investor expectations. This development, coupled with subdued economic growth in the United States at the beginning of the year, led to a cautious mood among market participants. Disappointing results from heavyweights such as Meta, Caterpillar, and IBM dragged stock indices lower and stoked unease in the internet sector. The valuations of individual tech companies seem to be increasingly viewed with skepticism. Despite an initially gloomy stock market climate, the indices managed to recoup some of their losses during the day. The Dow Jones Industrial Average, which serves as a leading barometer, ultimately closed down 0.98 percent at 38,085.80 points. The S&P 500, which represents a broader market spectrum, lost 0.46 percent and ended the trading day at 5,048.42 points. Notably, there was a recovery movement in the tech-heavy Nasdaq 100, which rebounded from an initial loss of two percent and closed down 0.55 percent at 17,430.50 points.