CNBC Daily Open: Wall Street sinks, Ford slumps
Publishing timestamp: 2024-07-24 21:02:19
Summary
Wall Street had a bad day with S&P 500 and Nasdaq dropping due to lackluster earnings from tech companies. Ford Motor missed earnings expectations. Tesla shares plunged after weak quarterly earnings. NBA rejected Warner Bros. Discovery's offer for media rights in favor of Amazon. Disney's "Inside Out 2" became highest-grossing animated film. Former President Trump embraced by crypto community, while Vice President Harris entering presidential race adds uncertainty. Tesla's CEO Elon Musk focused on autonomous future during earnings call. Analysts see more downside for Tesla stock. Alphabet investors should prepare for volatility. Wall Street analysts have high expectations for earnings season.
Sentiment: MIXED
Tickers: @ND.1, .ABAQ, META, MSFT, AAPL, GOOGL, GM, F, .DJI, TSLA, CMCSA, US10Y, BTC.BS=-USS, DIS,
Keywords: asia economy, tesla inc, stock indices and averages, youtube, squawk on the street, stock markets, earnings, united states presidential election, nba, government and politics, united states, general motors co, animated movies, s&p rating services, meta platforms inc, markets, dow jones industrial average, apple inc, automotive technology, investment banking and brokerage, technology, walt disney co, economic events, bitcoin/usd bitstamp, wall street, microsoft corp, prices, cryptocurrency, business news, ford motor co, jeff osborne, alphabet inc, interest rates, kamala harris, comcast corp, donald trump, u.s. 10 year treasury, world markets, economy, squawk box, movies, nasdaq 100 fut (mar'23), nvidia corp, breaking news: economy,
Source: https://www.cnbc.com/2024/07/25/cnbc-daily-open-wall-street-sinks-ford-slumps.html