Stocks opened in the negative with the major averages posting losses. The Nasdaq sharply dropped as Microsoft weighed on sentiment. Shares of Microsoft dropped 11% after the company reported weaker-than-expected Q3 results and provided disappointing guidance for the Q4. Chevron Corp. reported Q1 profit jump by 49% to $4 billion, or$1.80 per share on 31% revenue increase, beating the average estimate.
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