Stocks dropped sharply, pointing to another volatile day on Wall Street as investors nervously eyed elevated coronavirus case counts in the U.S.

Component Microsoft dropped even after the tech giant reported quarterly revenue that grew a better-than-expected 12% as its Azure cloud offering accelerated sales growth from the previous period.

As of Tuesday morning, companies comprising about 32% of the S&P 500’s market capitalization had reported third-quarter results, with earnings topping estimates by 16.1% in aggregate so far, according to an analysis by Credit Suisse.

Still, the bar to clear was relatively low, with analysts heading into third-quarter earnings season looking for an aggregate drop in S&P 500 earnings per share (EPS) of about 20% over last year.

The Dow sank by more than 900 points intraday, with technology stocks also taking a beating.

Dorsey said the decision to limit the spread of the post was because Twitter has a policy around “limiting the spread of materials that are hacked,” and initially had been uncertain about how information included in the New York Post articles had been obtained.

Dorsey said the New York Post, which has not posted to its Twitter page in two weeks, could go into its account, delete the original tweet about the reporting for the article, and republish it without issue now.

The index dropped 730 points, or 2.7%, and was tracking toward its worst day since September 3.

The S&P 500 dropped 2.7% as well and was pacing toward its worst one-day loss since September 8, as the energy and information technology sectors lagged.

The Nasdaq underperformed as Big Tech stocks dropped, with the index off 2.8% to head toward its worst day since September 23.

Boeing (BA) on Wednesday said it is set to bring its workforce down to 130,000 by the end of 2021, after starting the year with a headcount of 160,000, according to a statement released in tandem with its third-quarter earnings results.

In third-quarter earnings results, Boeing delivered a narrower than expected loss for the three months to the end of September, and operating cash burn that wa.

Parcel giant UPS (UPS) and General Electric (GE) each reported third-quarter results that handily topped consensus expectations Wednesday morning.

UPS posted adjusted earnings of $2.28 per share on revenue of $21.2 billion, with each better than the $1.90 per share on revenue of $20.3 billion anticipated.

goods trade deficit narrowed to $79.4 billion in September from $83.1 billion in August, according to the Commerce Department’s monthly report on Wednesday

Consensus economists were bracing for the deficit to widen to $84.5 billion, as the coronavirus pandemic continues to weigh on global commerce

The headline trade deficit in September 2020 also remained wider than that of September 2019, when the trade deficit was $71.1 billion