Huo Xing Finance reports that on July 23, according to BIT (bit.com) market data, U.S. markets opened lower: the Dow Jones fell 0.92%, the S&P 500 fell 1.12%, and the Nasdaq fell 1.75%. Tesla (TSLA.O) dropped approximately 9% after reporting quarterly profits below expectations and recording negative free cash flow for the first time in over two years. Alphabet (GOOG.O), Google’s parent company, fell about 6% after raising its annual capital expenditure forecast and warning that cash flow pressures would persist.
U.S. major stock indices open lower, Nasdaq down 1.75%, Tesla drops 9%
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Summary
The Fear and Greed Index reached extreme fear levels as major U.S. stock indices opened lower on July 23. The Nasdaq declined 1.75%, the S&P 500 dropped 1.12%, and the Dow lost 0.92%. Tesla (TSLA.O) plunged nearly 9% after missing profit forecasts and reporting negative free cash flow. Alphabet (GOOG.O) fell 6% following an increase in its capital spending forecast. Open interest in major equity futures remained elevated, reflecting heightened market uncertainty.
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