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Wall Street driven lower by tech pressure

Economies.com
2024-07-24 16:47 UTC

US stock indices fell on Wednesday under pressure on the tech sector as investors assess earnings.

 

Investors now await the earnings results of IBM and Ford Motor later today, in addition to crucial GDP growth results tomorrow.

 

Yesterday, both Alphabet and Tesla reported their earnings results.

 

On trading, Dow Jones fell 0.8%, or 350 points as of 17:45 GMT to 40,008, while S&P 500 fell 1.8%, or 102 points to 5453, as NASDAQ declined 3%, or 540 points to 17,460.

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