The recent earnings reports from Microsoft and Alphabet have had a mixed impact on the stock market, with the Nasdaq Composite dropping more than 1% while the Dow Jones Industrial Average saw a slight increase of 0.2%. Alphabet’s shares slid more than 8% despite beating expectations on earnings and revenue, as its cloud business fell short. On the other hand, Microsoft’s stock rose almost 4% after its strong performance in AI and cloud computing. This mixed picture has led to some loss of faith in Big Tech companies, with Amazon and Facebook also seeing a decline in their stock prices. The tech sector has been particularly affected by the rise in Treasury yields, which have put pressure on stocks. However, Deutsche Bank’s strong profit results have led to a 7% increase in its shares.