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Market Snapshot: U.S. stocks trade slightly lower after Microsoft’s disappointing outlook fuels recession fears

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U.S. stocks traded lower Wednesday, led by the Nasdaq Composite, after disappointing corporate earnings results added to fears of a possible recession.

How are stocks trading

On Tuesday, the Dow Jones Industrial Average rose 104 points, or 0.31%, to 33733, the S&P 500 declined 3 points, or 0.07%, to 4016.95, and the Nasdaq Composite dropped 30 points, or 0.27%, to 11334.

What’s driving markets

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