Technology earnings split investor sentiment as Alphabet reports strong results and jumps six percent, Meta declines eight percent on new federal cash-tax legislation impact, and Microsoft slips four percent after higher spending tied to OpenAI partnerships compresses margins, collectively highlighting diverging fundamentals among major technology firms during the third-quarter cycle and prompting sector rotation within US equities ahead of additional releases from Apple and Amazon later this week.

Alphabet rallied on strong earnings, Meta fell on tax costs, and Microsoft slid on AI expenses, underscoring diverging fundamentals across major tech firms.