S&P 500 and Nasdaq tumble for worst day since 2022. Tesla slumps 12%. Ford misses earnings
This report is from today's CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Like what you see? You can subscribeCNBC's Daily Open is going on a short hiatus after today's newsletter. We'll be back on Tuesday, July 30. See you then!due to lackluster earnings from two tech megacaps. The broader index dropped 2.3%, while the tech-heavy Nasdaq slid 3.
. While the company plans to spend $12 billion each quarter to prepare itself for an AI future, advertising revenues has been under pressure. But investor expectations are too high for this earnings season, Goldman Sachs tactical specialist Scott Rubner highlighted.
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