S&P 500 and Nasdaq tumble, marking their worst day since 2022. Tesla slumps 12%. Ford misses earnings estimates.
Traders work on the floor of the New York Stock Exchange on July 24, 2024 in New York City.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 subscribe
During a recent earnings call, Tesla's CEO Elon Musk seemed more interested in discussing the company's autonomous future than addressing concerns about its legacy auto business.. These other things are in the noise relative to autonomy," Musk said. Tesla is due to unveil its robotaxi in October, having pushed back the launch by two months.
It was "unclear" how Tesla would "solve the automotive problem" with its structurally lower margins, Osborne said. "investors in Google's parent should prepare for a volatile time ahead "Usually in a bull market you do, now and again, get some sell-offs, and this is a nasty one, I think this is going to turn out to be an"When you look at the underlying fundamentals of the economy, I don't think we are going to get an S&P-wide correction of 10% to 20% because I don't see a recession out there and I don't think investors are actually worrying about a recession, given that the Fed has basically promised to lower interest rates if that is necessary and I...
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