It's a volatile day on Wall Street as tech stocks reacted to disappointing quarterly earnings ahead of the highly anticipated Federal Open Market Committee (FOMC) meeting. What Happened: In the lead-up to the FOMC meeting — scheduled for 2:00 p.m. ET on Wednesday, Jan. 31 — the tech-heavy Nasdaq 100 slipped 1.4%. This marked its worst session since early January.Here's a breakdown:Alphabet Inc. (NASDAQ:GOOGL) is down 6%, due to disappointing results for the quarter ending in December.Advanced Micro Devices Inc. (NASDAQ:AMD), a prominent player in the artificial intelligence space, also fell on softer-than-expected results.The
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