Pre-Market Report – Friday 24 July: US markets slide - Tesla down 14% - Alphabet falls - SPI down 50 - Oil hits $100

US stocks closed lower on Thursday amid deteriorating macroeconomic backdrop and renewed doubts over AI spending. The S&P 500 dropped 1.2%, the Nasdaq 100 lost 1.9%, and the Dow Jones shed 507 points. Communication services and consumer discretionary were by far the worst performing sectors while tech was also under pressure. Despite solid earnings, Alphabet fell 6.9% after raising its capital spending forecast, while Tesla tumbled 14.5% as profit declined despite strong electric-vehicle deliveries. Other hyperscalers also weakened, with Nvidia (-1.6%), Microsoft (-2.2%), Meta (-3.4%), Amazon (-4.6%), Broadcom (-1.1%) and Oracle (-4.6%) posting losses. Treasury yields rose as tighter naval blockades in the Middle East raised energy supply concerns and initial jobless claims fell to a 57-year low. Goldman Sachs shed 2.1%, while Visa fell 0.5%. Comcast lost 6.8% after reporting a declined in profits, while RTX added 7.3% after beating expectations.SPI down 50 - Oil up above $100 - Gold down 2%Marcus Today – Daily Market InsightsMarcus Today provides clear, practical commentary for self-directed investors – covering markets, portfolios, education, and decision-making without the noise.If you'd like to go further:Start a free 14-day trial of Marcus Today http://bit.ly/mt-trial-podcastJoin Marcus Today Use code MTPODCAST for 10% off http://bit.ly/mt-join-podcast-offerMT20 – Managed ETF Portfolio A professionally managed portfolio run by Marcus Padley and the team, using ASX-listed ETFs with active market timing. http://bit.ly/mt20-podcastPrinciples – How We Think About Investing A short video series on timing, behaviour, and decision-making. No stock tips. http://bit.ly/mt-principles-podcast—Disclaimer This podcast is general information only and does not consider your personal circumstances. It is not personal financial advice.