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Musk magic fizzles, Alphabet stumbles, and stock markets feel the blues - July 24, 2024
Manage episode 430569065 series 3367197
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The financial markets are in a funk, and you can blame Alphabet and Tesla for that. Dow Jones futures dipped 0.5%, S&P 500 futures slid 1%, and Nasdaq futures took a 1.5% hit. ors are also on edge ahead of key economic data releases, including PMIs today, US GDP data on Thursday, and personal consumption expenditure data on Friday. Markets are pricing in 0.6 basis points of easing this year, with a September rate cut almost a given.
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