Wall Street: S&P 500 and Bitcoin Hit Two-Month Lows

The S&P 500 declined in today’s (Jan 29, 2026) Wall Street close, driven primarily by Microsoft’s underwhelming earnings and the Federal Reserve’s interest rate decision. The S&P 500 fell 0.13%, while the Nasdaq Composite dropped 0.72%; the Dow Jones Industrial Average edged up 0.11%. Bitcoin plunged over 5%, hitting its lowest level in nearly two months. Microsoft shares tumbled ~10%—its worst day since March 2020—after reporting a slowdown in cloud growth for Q2 FY2026 and issuing cautious operating margin guidance for Q3. Investor concerns intensified over AI’s potential disruption to Microsoft’s business model. Oracle shares slid ~10% despite beating earnings and revenue expectations for Q4, while ServiceNow and Salesforce fell 2% and 6%, respectively.