Wall Street’s rally fades after Tesla and Netflix fall
Marijuana Stocks, Finance, & InvestingUncategorized July 25, 2023 MJ Shareholders
Stan Choe, The Associated Press
NEW YORK (AP) — Stocks are slipping Thursday following a mixed set of profit reports, forcing a cooldown for Wall Street’s torrid rally.
The S&P 500 was 0.3% lower in morning trading, coming off its highest close since early April 2022 and its seventh gain in the last eight days. The Dow Jones Industrial Average was up 261 points, or 0.7%, at 35,322, as of 11 a.m. Eastern time. The Nasdaq composite was 1.3% lower and on track for its worst drop in six weeks.
Two of the most popular stocks, Netflix and Tesla, helped weigh on the market after the companies reported how much profit they earned during the spring…
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