Tech Earnings Report
Several tech companies, including Apple, Amazon, Intel, and Atlassian, reported their quarterly earnings. Apple beat analysts' estimates but issued weaker guidance for the holiday quarter. Amazon's earnings and net sales exceeded expectations, with strong growth in its cloud business. Intel's fourth-quarter earnings forecast was better than expected. Atlassian's fiscal first-quarter earnings and revenue were better than Wall Street forecasts. Nvidia's stock rose following the earnings reports of Amazon and Intel. The tech sector experienced a selloff earlier in the week.