U.S. stocks opened lower on July 23, with all three major indexes in the red, according to BIT (bit.com) market data. The Dow Jones Industrial Average fell 0.92%, the S&P 500 declined 1.12%, and the Nasdaq dropped 1.75% shortly after the opening bell. Tesla (TSLA.O) fell about 9% at the open after its quarterly profit missed expectations and free cash flow turned negative for the first time in more than two years. Alphabet (GOOG.O), Google’s parent company, also traded lower, down about 6%. The move came after the company raised its full-year capital expenditure forecast and warned that pressure on cash flow would continue. The declines in Tesla and Alphabet added to weakness across the broader U.S. equity market at the start of trading.
U.S. stocks opened lower on July 23, with the three major indexes all posting declines, according to BIT (bit.com) market data. The Dow Jones Industrial Average fell 0.92%, the S&P 500 slipped 1.12%, and the Nasdaq dropped 1.75% at the open.
Tesla (TSLA.O) was down about 9% at the open. The company’s quarterly profit missed expectations, while free cash flow turned negative for the first time in more than two years.
Alphabet (GOOG.O), Google’s parent company, fell about 6%. Earlier, the company raised its full-year capital expenditure forecast and warned that pressure on cash flow would continue.
This article was originally published by Bit.Fan. For more cryptocurrency news and market insights, visit www.bit.fan. Disclaimer:
The market information, project data, and third-party content displayed on this platform are for industry information sharing only and do not constitute any form of investment advice or return commitment.
Cryptocurrency trading carries high risks. Users should fully assess their risk tolerance and make independent decisions. All profits, losses, and legal responsibilities are borne by the users themselves.
