MARKET WRAP: JSE eases with focus on tech earnings and US Treasuries

The JSE closed weaker on Wednesday but off the day’s low even as European markets gained after a mixed set of financial results from two of the US’s biggest tech companies. 

Shares in Google parent company Alphabet fell more than 8% earlier in the US session — dragging other tech stocks lower — after the company’s cloud computing business missed analysts’ estimates and overshadowed the group’s strong revenue growth. The stock’s decline was the worst since October 2022, according to Bloomberg. ..