Microsoft sparks a sell-off in tech stocks

NY Disappointing numbers and forecasts for Microsoft have dampened sentiment among US investors. A record drop in PC sales in 2022 caused the US software giant to experience its lowest growth in years. the Microsoftthe shares fell as much as 4.6 percent to $230.90. Other growth stocks like Apple, tesla and the Google-Mother alphabet lost between 1.4 and 3.3 percent.

The Nasdaq technology stock market index fell about 1 percent to 11,204 places on Wednesday. The Dow Jones index of standard stocks was about half a percentage point lower at 33,555 points. the wider S&P 500 lost 0.8 percent to 3,986 points.