Some of the stock market's behemoths are badly underperforming in midday trading, weighing on the broader market.
Alphabet's stock is down more than 9% after reporting its quarterly results , a warning sign to some investors about the resilience of tech stocks after a banner year .
Stay tuned: The earnings deluge continues today, with Facebook parent Meta Platforms , Barbie maker Mattel and IBM due to report after the closing bell.
The tech-heavy Nasdaq and S&P 500 were in the red, while the Dow industrials were slightly higher.
Yields on benchmark 10-year Treasury notes inched up, but held below the 16-year high of 5% reached Monday.
Persons:
Stocks, inched
Organizations:
Apple, Nvidia, Microsoft, Facebook, Mattel, IBM, Nasdaq, Dow, Germany's Deutsche Bank