Market Close 25 July 24: Biggest tumble in weeks for the ASX

The Aussie market took a significant tumble today, marking it's biggest decline in 6 weeks, largely influenced by disappointing earnings from major US tech companies, Tesla and Alphabet. This led to a broad sell-off across all sectors, with tech stocks being the hardest hit. Key losers included Macquarie Group and Fortescue Metals, which faced challenges from higher costs and declining commodity prices. Despite the market downturn, Coronado Resources emerged as the top performer, while Regis Resources struggled despite strong production results.  The content in this podcast is prepared, approved and distributed in Australia by Commonwealth Securities Limited ABN 60 067 254 399 AFSL 238814. The information does not take into account your objectives, financial situation or needs. Consider the appropriateness of the information before acting and if necessary, seek appropriate professional advice.See omnystudio.com/listener for privacy information.