It was a huge day for monetary policy that hands off directly into a huge day for earnings. You could see the angst in the 1.7% decline in the Nasdaq today.Some earnings headlines from Microsoft:EPS 4.74 vs 4.24 estResults included benefit of 0.27Revenue 90.0b vs 87.62b estCloud revenue up 27% y/yFree cash flow of $19.6b, down 23% y/yQ4 capex $41.0bShares up 1% after hoursNothing out yet on capexMeta:EPS 6.18 vs 7.19 estRevenue 60.8b vs 60.22 estFCF of 784mCapx raised to $130-145 billion vs $125-145b prior)Shares down 5% after hoursARM Holdings:EPS 0.45 vs 0.40 est, revenue 1.29b vs 1.26b estShares down 9.3%Lam Reserach:EPS 1.82 vs 1.68 estRevenue 6.722b vs 6.665b estShares up 2.5%Starbucks:EPS 0.85 vs 0.66 estRevenue 9.3b vs 9.17b estShares up 7.6%Qualcomm:EPS 2.21 vs 2.23 estRevenue 9.95b vs 9.68b estShares down 10.4%With the after hours drop in Qualcomm, shares are down nearly 50% from the May 26 high of $259. This article was written by Adam Button at investinglive.com.