US: Nasdaq leads Wall St lower after Big Tech results disappoint

THE tech-heavy Nasdaq took the biggest hit in a weak open for Wall Street on Wednesday (Jul 24), after lacklustre quarterly results from Tesla and Alphabet raised questions about the dominance of Big Tech and the AI boom.

The Dow Jones Industrial Average fell 147.46 points, or 0.37 per cent, at the open to 40,210.63.

The S&P 500 opened lower by 49.90 points, or 0.90 per cent, at 5,505.84, while the Nasdaq Composite dropped 263.44 points, or 1.46 per cent, to 17,733.91 at the opening bell. REUTERS