Pre-Market Report – Thursday 25 July: US markets Tumble on Earnings - SPI down 75 - MQG Update

Stocks sold off Wednesday, weighed down by underwhelming reports from Tesla and Alphabet, leading the S&P 500 and the Nasdaq Composite to post their worst session since 2022. The broad market index lost 2.31%, closing at 5,427.13, while the tech-heavy Nasdaq slid 3.64% to end at 17,342.41. The Dow Jones Industrial Average lost 504.22 points, or 1.25%, closing at 39,853.87. The U.S. PMI flash manufacturing output index fell to 49.5 in July, unexpectedly slipping into contraction terri...