Tesla tumbles, pacing magnificent seven sell-off in New York
- by The Australian Financial Review
- Jul 24, 2024
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Australian shares are poised to drop in line with a sell-off on Wall Street as investors fret over disappointing quarterly results from Tesla and Alphabet, first among the magnificent seven to report.
The S&P 500 ended 356 sessions through Tuesday without a drop of at least 2 per cent — its longest streak in 17 years, according to data compiled by Bloomberg.
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