Markets were mixed today as earnings season continued to bring volatility. The S&P 500 (ES) slipped 0.5%, the Nasdaq 100 (NQ) fell 0.9%, while the Russell 2000 (RTY) managed a 0.2% gain. Several major companies reported earnings, with tech stocks taking a hit after disappointing results and cautious guidance.

Key Earnings & Market Movers

Alphabet (GOOGL) -7%

Google parent Alphabet tumbled after Q4 and cloud revenue missed expectations. The company also warned of higher-than-expected capital expenditures in 2025, raising concerns about profit margins.

Apple (AAPL) -2.7%

Apple shares dropped following reports that China’s antitrust regulator is considering an investigation into App Store fees and policies. With China being a key market, regulatory scrutiny adds another layer of uncertainty for the tech giant.

Advanced Micro Devices (AMD) -9%

AMD fell sharply as its data center revenue came in below expectations. While AI-related demand has been strong, concerns over slower enterprise spending weighed on the stock.

FMC Corporation (FMC) -22%

A rough day for FMC as its revenue missed estimates, and the company issued weak guidance for both the next quarter and the full year.

Snap (SNAP) -2%

A volatile session for Snap after the company beat on EPS, revenue, and daily active users (DAUs) but provided a lighter-than-expected Q1 EBITDA forecast.

Mondelez (MDLZ) -4%

The snack giant warned that profits are set to drop in 2024 due to soaring cocoa prices. Additionally, Q4 revenue and earnings fell short of expectations, sending the stock lower.

Chipotle (CMG) -6%

Chipotle’s results were mostly in line with expectations, but the company flagged concerns over tariffs and issued a cautious outlook, leading to a selloff.

Bunge (BG) -5%

Agribusiness company Bunge disappointed as both revenue and EPS missed estimates, with a weak profit outlook for the full year.

Disney (DIS) +3%

A bright spot in today’s market, Disney climbed after reporting better-than-expected revenue and earnings, alongside strong subscriber growth across its streaming platforms.

Uber (UBER) -3%

Despite strong performance in recent quarters, Uber slipped after providing underwhelming guidance for Q1 gross bookings.

Pinduoduo (PDD) -6%

Shares of Pinduoduo were under pressure after the US Postal Service temporarily suspended inbound parcels from China and Hong Kong. This raised concerns that shipments from major retailers like Shein and PDD’s Temu could face disruptions.

Earnings season is in full swing, and volatility is likely to continue as more companies report. With tech stocks leading today’s decline, investors will be watching closely to see if upcoming reports can turn sentiment around. Additionally, macro factors such as interest rates, inflation data, and global regulatory actions remain key drivers for the market in the coming weeks.