US Stocks Extend Declines

2026-07-23 15:24 By Andre Joaquim 1 min. read

US stocks extended losses on Thursday amid a deteriorating macroeconomic backdrop and fresh AI doubt on the latest earnings reports.

The S&P 500 and the Dow lost over 1%, while the Nasdaq 100 lost 2%.

Alphabet sank 7.5% after posting its Q2 results overnight.

The Google parent doubled its capital expenditure forecast to $205 billion this year, reigniting concerns of unsustainable spending in AI infrastructure.

Hyperscalers followed with Microsoft, Meta, Amazon, and Oracle falling between 5% and 3%.

Meanwhile, Tesla slipped 14% toward its lowest in one year after reporting lower profits despite a strong period for the overall electric vehicle sector.

Long-term yields surged as naval blockades for tankers in the Middle East grew tighter and initial jobless claims fell to a 57-year low, pressuring traditional economic sectors.

Goldman Sachs and Robinhood fell over 3%.

Comcast and RTX were both higher topping their estimates.



News Stream
US Stocks Extend Declines
US stocks extended losses on Thursday amid a deteriorating macroeconomic backdrop and fresh AI doubt on the latest earnings reports. The S&P 500 and the Dow lost over 1%, while the Nasdaq 100 lost 2%. Alphabet sank 7.5% after posting its Q2 results overnight. The Google parent doubled its capital expenditure forecast to $205 billion this year, reigniting concerns of unsustainable spending in AI infrastructure. Hyperscalers followed with Microsoft, Meta, Amazon, and Oracle falling between 5% and 3%. Meanwhile, Tesla slipped 14% toward its lowest in one year after reporting lower profits despite a strong period for the overall electric vehicle sector. Long-term yields surged as naval blockades for tankers in the Middle East grew tighter and initial jobless claims fell to a 57-year low, pressuring traditional economic sectors. Goldman Sachs and Robinhood fell over 3%. Comcast and RTX were both higher topping their estimates.
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US Stocks Slip After Tech Earnings
US stocks fell on Thursday amid a deteriorating macroeconomic backdrop and fresh AI doubt on the latest earnings reports. The S&P 500 and the Dow lost around 0.8%, while the Nasdaq 100 lost nearly 2%. Alphabet dropped 6% after posting its Q2 results overnight. The Google parent raised its capital expenditure forecast to $205 billion this, double of last year, to reignite concerns of unsustainable spending in AI infrastructure. Meanwhile, Tesla slipped 10% after reporting lower profits despite a strong period for the overall electric vehicle sector. Meta and Amazon followed both companies by losing more than 3% each. Higher fuel prices lifted yields on greater escalation between Iran and the US, driving markets to position for a rate hike by this quarter. This was consolidated by initial jobless claims falling to six-decade lows. Financials remained under pressure with capital markets firms down. Among other earnings, Comcast and RTX were both higher topping their estimates.
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