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- US stocks were mixed on Wednesday as investors digested earnings from Microsoft and Alphabet.
- Microsoft posted strong cloud growth and saw its stock pop, while Alphabet fell after it reported lower-than-expected cloud revenue.
- Of the 25% of S&P 500 companies that have reported so far, 80% are beating profit estimates by a median of 7%.
US stocks traded mixed on Wednesday as investors digested third-quarter earnings results from mega-cap tech companies Alphabet and Microsoft.