Chart of the Day - Thursday, January 29, 2026

🏆 Today’s Chart of the Day was shared by Eric Conrads (@Conradseric).
 

• Microsoft ($MSFT) finished the session down roughly -10%, its worst single-day decline since March 16, 2020. 
   
• The selloff came despite Microsoft beating Wall Street earnings estimates, underscoring continued pressure across the broader software space.
   
• With Microsoft now -20% off its highs, sustained weakness here would be a meaningful headwind for index-level momentum. 

The Takeaway: Microsoft suffered its worst day since 2020, reflecting persistent weakness in software relative to the broader market.