Stock market today: Dow, S&P 500, Nasdaq move higher with Apple earnings in the wings

Despite Apple's mixed earnings report, there is broader positive sentiment in the tech sector and potential for recovery if AI investments yield future growth. Tesla's promise of a return to growth in 2025 and Meta's strong performance may contribute to warmer investor sentiment towards tech stocks. Hence, we can expect AAPL to stabilize or slightly recover in the near term as the market shifts focus to long-term growth prospects.

Microsoft's significant drop in cloud revenue reveals potential issues in its growth strategy, and combined with increased competition in AI, we expect further pressure on MSFT stock in the immediate future. This could lead to continued selling by investors wary of its growth potential, especially if guidance continues to underperform expectations.

The significant drop in UPS due to its reduced volume agreement with Amazon creates a negative outlook as revenue forecasts fall short. This may deter investor confidence leading to further declines in its stock until a recovery strategy is outlined in response to this substantial loss.

Comcast's loss of broadband customers reflects ongoing struggles in a competitive market. Their pivot to mobile offerings may mitigate some losses, but concerns about overall growth remain. Therefore, we anticipate CMCSA will face downward pressure from these ongoing challenges in subscriber retention.