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Tech Earnings Jitters Mount as Pandemic Darlings Get Crushed

  • Apple and Microsoft are scheduled to report next week
  • Nasdaq 100 eyes worst month since 2008 amid bond yield surge
The Nasdaq MarketSite in New York on Jan. 21.

The Nasdaq MarketSite in New York on Jan. 21.

Photographer: Michael Nagle/Bloomberg
Updated on

The trouble in megacap tech is showing no signs of stopping, and earnings from some of the most-prominent names are adding to investors’ list of worries.

Marquee companies like Apple Inc. and Microsoft Corp., which are due to report their results next week, have come under additional pressure, with the Nasdaq 100 now on pace for its worst month since the 2008 financial crisis. A grim outlook from streaming giant Netflix Inc. was the latest excuse to sell the industry’s shares. Amazon.com Inc. and Facebook parent Meta Platforms Inc. were down over 20% from their records.