MRKT MATRIX: July 24, 2024

Today’s Top Stories:

• S&P 500, Nasdaq tumble for worst day since 2022 as Tesla, Alphabet slide after quarterly results (CNBC)

• Tesla shares fall 11% after earnings miss, head for steepest slide since January (CNBC)

• The Hottest Job Market in a Generation Is Over (WSJ)

• I Changed My Mind. The Fed Needs to Cut Rates Now. (Bloomberg)

• Commercial Property Stress Forces Blackstone Mortgage REIT to Cut Dividend (Bloomberg)

• Nvidia Devises Special Server Design to Boost China Sales (The Information)

• Pro-Crypto Trump Drives Split Between Bitcoin, Global Equities (Bloomberg)

Today’s MRKT Call is Presented by SoFi

Big Cap Tech Wreck Drags Market

Dan Nathan, Guy Adami and Liz Young break down the top market headlines and bring you stock market trade ideas for Wednesday, July 24th

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