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Wall Street declines as technology stocks weigh despite strong earnings

Wall Street declines as technology stocks weigh despite strong earnings

The U.S. stock markets experienced a decline at the end of Thursday's session, despite strong earnings reports from many companies. The decrease was influenced by a fall in semiconductor stocks, particularly due to mixed expectations regarding capital expenditure by Taiwan Semiconductors, which raised its forecast to between $60 billion and $64 billion, despite improving quarterly results. Additionally, shares of major technology companies like Alphabet and Amazon also declined. However, most listed companies reported results that exceeded analysts' expectations, and American banks' profits surpassed forecasts, reflecting the strength of the business sector despite pressures on tech stocks.

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