Stock market news today: US stocks sink as Tesla, Alphabet provide gloomy kickoff to Big Tech earnings

The Nasdaq led US stocks lower on Wednesday after lackluster Alphabet and Tesla earnings stirred up worries that Big Tech's power to fuel gains is fading. The benchmark S&P 500 slipped about 1.4%, and the Dow Jones Industrial Average dropped about 0.9%. The tech-heavy Nasdaq Composite led the losses, falling about 2.1%. Stocks are sinking as investors digest mixed quarterly earnings from Google parent Alphabet and Tesla , the first of the "Magnificent 7" megacaps to report.

EV maker Tesla's stock price slid more than 12% in morning trading, while Alphabet shares dropped about 4%. Read more: 32 charts that tell the story of markets and the economy right now Investors are bracing for the next wave of earnings to flood in, with Chipotle , Ford and IBM due to post results after the bell on Wednesday. In economic news, on Wednesday fresh data from S&P Global showed the business activity in the US grew at its fastest pace in more than two years.

Belgique Dernières Nouvelles, Belgique Actualités

Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.

Stock market today: Big Tech slumps after profits from Alphabet and Tesla fail to impressNEW YORK (AP) — Drops for Tesla and Google parent company Alphabet are dragging indexes lower after the Big Tech giants delivered earnings that failed to impress. The S&P 500 fell 1.
La source: SooToday - 🏆 8. / 85 Lire la suite »

The Daily Chase: Tesla, Alphabet after the bell highlight big day for earningsHere are five things you need to know this morning.
La source: BNNBloomberg - 🏆 83. / 50 Lire la suite »

Stock market news today: US stocks slip ahead of Alphabet, Tesla resultsA marquee earnings day brings Big Tech results, in focus as investors assess the future of this year's rally.
La source: YahooFinanceCA - 🏆 47. / 63 Lire la suite »

Stocks slide as Tesla, Alphabet earnings drag on megacapsThe Kitco News Team brings you the latest news, videos, analysis and opinions regarding Precious Metals, Crypto, Mining, World Markets and Global Economy.
La source: KitcoNewsNOW - 🏆 13. / 78 Lire la suite »

Tesla, Alphabet Q2 results: The top 3 earnings takeawaysShares of Tesla (TSLA) and Alphabet (GOOG, GOOGL) are sinking in Wednesday's pre-market trading — and into regular trading hours after the market open...
La source: YahooFinanceCA - 🏆 47. / 63 Lire la suite »