SPX: The S&P 500 Index was dragged lower by just two stocks.

Microsoft and Apple contributed 2.3% of the index's approximately 8% total gains this year.

The S&P 500 ended Tuesday's trading session 1.6% lower after a flood of disappointing earnings revealed that the US economy's growth may be coming to an abrupt halt. Yesterday, First Republic Bank and United Parcel Service were two of the largest decliners.

In addition, JPMorgan's equity analysts released some alarming figures to disrupt the market's tranquilly. Microsoft and Apple contributed approximately 2.3% to the S&P 500's 8% increase this year, according to their estimations. They account for 13.4% of the index's value.

Today, additional tech titans are scheduled to report earnings, continuing the earnings season. Meta Platforms, the parent company of Facebook, is on deck after the closing bell. Tomorrow, ecommerce and cloud computing titan Amazon will release its own financial data, followed by payments titan MasterCard.