Nasdaq 100 Drops as Microsoft Sinks 10% on Earnings Concerns

• Nasdaq 100 fell by approximately 1% following a shift in market focus to corporate earnings.
• Microsoft Corp. shares plunged 10% due to investor concerns about the long-term payoff of its investments.
• Meta Platforms Inc.'s positive outlook on AI spending helped ease broader market worries.
• Commodities like gold and oil surged, with gold topping $5,500 and Brent crude hitting $70.
• Bonds remained mildly lower and the dollar continued its losses, heading for its worst month since April.

Why It Matters: Microsoft's 10% drop after earnings hit Nasdaq 100, despite mixed corporate results and commodity surge.