Selloff or Market Correction? Either Way, Here's What to Do NextSee Overvalued Stocks

Podcast : Financial Market Preview - Wednesday 24-Jul

Published 2024-07-24, 06:19 a/m

S&P futures are indicating a lower open today, down (0.7%) following weak sessions in Asia. The top stories driving the global market today are the recent U.S. tech earnings, with Tesla (NASDAQ:TSLA) and Alphabet (NASDAQ:GOOGL) both posting mixed results, weighing on investor sentiment. Tesla shares are down (8%) after hours following a bottom-line miss. The company's operating margin was weighed down by price cuts amid weaker EV demand and AI-driven rise in expenses. Elon Musk also confirmed the delay of the Robotaxi event to 10-Oct. Alphabet shares fell (2%) after hours despite Q2 revenue topping forecasts. AI-related demand underpinned Cloud revenue, though capex came in a bit higher than expected.

Companies Mentioned: Alphabet, Tesla, FTAC Emerald Acquisition

 

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