US stocks fall after the Fed said no rate hike until March

Ivan Feinseth, chief investment officer at Tigress Financial Partners, said the rate of Q4 earnings “fails to provide market support, at least in the short term, even though companies like Microsoft report record earnings.” Microsoft’s revenue increased by 20 percent compared to the year before last quarter, the technology giant reported after the market closed on Tuesday, but shares fell initially, but became positive after the company released a better than expected sales forecast. A favorite in pandemic trading, Microsoft̵[ads1]7;s net revenue rose 21 percent to more than $ 18.7 billion in the fourth quarter.

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