U.S. Stocks Mixed as Big Tech Outlooks Spark Growth Fears By

By Liz Moyer

-- U.S. stocks opened mixed as earnings from big tech disappointed investors.

At 9:43 ET (13:43 GMT),mt5 official website download the was down 2 points, or flat, while the was down 0.7% and the was down 1.8%.

Microsoft Corporation (NASDAQ:) reported the slowest revenue growth in five years and disappointed on its sales outlook, while Google parent Alphabet (NASDAQ:) disappointed on ad sales amid a broader decline for the digital advertising business. But the two stocks weighed on the tech sector, falling 7.5% and 7.6%, respectively.

Meta Platforms Inc (NASDAQ:), which also depends on digital advertising for revenue, is due to report after the closing bell. Its stock was down 3.9%. This week also includes earnings reports from Amazon.com Inc (NASDAQ:) and Apple Inc (NASDAQ:).

Elsewhere in tech, shares of SA (NYSE:) fell 9% after it also reported a slowdown in ad growth that weighed on its margin.

Stocks had gained in recent days on hopes the Federal Reserve will start to ease back on its after its meeting next week, when it is widely expected to raise its benchmark rate another 0.75 percentage point. The Fed could decide to raise by a lower amount at its December meeting and thereafter based on data that show the economy is cooling off. 

But that’s not a done deal. On Thursday, investors will get a first reading of third quarter , and on Friday data on consumer spending and will come out.

Oil rose. was up 1.8% to $86.83 a barrel, while crude rose 1.2% to $92.82 a barrel. rose 0.7% to $1669.

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