How Major US Stock Indexes Fared July 20
Drops for Tesla, Netflix, and other big tech-oriented stocks are clamping the brakes on Wall Street’s torrid rally.
The S&P 500 fell 0.7 percent Thursday, coming off its highest close since early April 2022 and its seventh gain in the last eight days. The Nasdaq lost 2.1 percent, its biggest drop in more than four months. The Dow was an outlier and rose 163 points, or 0.5 percent, because it has less of an emphasis on tech stocks.
Tesla tumbled amid worries about how much cuts to prices will hurt its future profits. Netflix sank after a key measure of revenue declined.
On Thursday:…
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