US stocks opened lower, according to market data from Gate, with the Dow Jones Industrial Average down 0.92%, the S&P 500 off 1.12%, and the Nasdaq falling 1.75% at the open. Among major names, Tesla (TSLA.O) dropped about 9% after earnings. The move came after the company reported quarterly profit below expectations and posted its first negative free cash flow in more than two years. Alphabet (GOOG.O) also moved lower, falling about 6%. The decline followed the company’s decision to raise its fiscal-year capital expenditure forecast while warning that pressure on cash flow would continue. The session opened with broad weakness across major US equity benchmarks, while company-specific earnings and spending guidance drove sharper declines in large-cap technology names.
US stocks opened lower, according to market data from Gate. The Dow Jones Industrial Average fell 0.92%, the S&P 500 dropped 1.12%, and the Nasdaq slid 1.75% at the open.
Tesla (TSLA.O) fell about 9% after earnings. The company’s quarterly profit missed expectations, and its free cash flow turned negative for the first time in more than two years.
Alphabet (GOOG.O) dropped about 6% after raising its fiscal-year capital expenditure forecast and warning that pressure on cash flow would continue.
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