US stocks drop due to disappointing Alphabet and Tesla earnings, tech sector takes a hit

From Investing.com: 2024-07-24 09:46:26

U.S. stocks fell as technology shares struggled after disappointing earnings from Alphabet and Tesla. The Dow fell 0.4%, the S&P 500 dropped 1.1%, and the Nasdaq slipped 1.9%. Tesla stock tumbled almost 10% due to lower-than-expected profit and falling vehicle sales. Alphabet stock fell 5% despite beating earnings estimates, with slower ad sales growth. More earnings results came in: Visa stock fell 4%, Texas Instruments rose 0.5%, and AT&T rose 4%. Crude prices rose on falling U.S. inventories, with WTI climbing 0.8% to $77.56 and Brent rising 0.7% to $81.57 a barrel.



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