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The Dow Jones Industrial Average dropped Wednesday, while tech stocks dived as Wall Street reacted to several notable second-quarter earnings reports. Two early earnings losers on the stock market today were Magnificent Seven players Tesla (TSLA) and Alphabet (GOOGL). After the opening bell, the Dow Jones Industrial Average moved down 0.6%, or 250 points, as the S&P 500 fell 1.2%. The tech-focused Nasdaq composite sold off 1.8% in morning action. Early Wednesday, the 10-year Treasury yield dipped to 4.21%. Oil prices bounced, with West Texas Intermediate futures trading around $77.65 a barrel. Among exchange traded funds, the Invesco QQQ Trust...

Google said its cloud group has turned profitable on an operating basis after showing losses for more than three years. Google is third in the U.S. cloud infrastructure market, behind Amazon and Microsoft. Google has been pouring money into its cloud-computing business to compete with Amazon and Microsoft . Those hefty investments are finally turning a profit. Alphabet said Tuesday that Google’s cloud business is profitable for the first time in the three years it’s been reporting operating metrics for the division. The segment generated $191 million in operating income on $7.45 billion in revenue in the first quarter, according...