- All major stock indexes ended lower on Tuesday.
- Tesla and Alphabet reported earnings after the close of trading.
- Existing home sales in June were down compared to May.
Here are five important things investors should know before starting the trading day.
Tesla’s logo in front of a car dealership in Berlin on April 23, 2024.
Sebastian Gollnow | Picture Alliance | Getty Images
There were some mistakes after the gong on Tuesday. Tesla Posts Second Quarter Profit The electric-car maker missed Wall Street expectations and posted a second straight quarterly decline in auto sales. Adjusted profits of 52 cents a share fell short of the 62 cents a share expected by analysts surveyed by LSEG. But sales of $25.5 billion beat the consensus estimate of $24.77 billion. alphabet Hit by a blow YouTube advertising revenueThe division’s revenue was $8.66 billion, below analysts’ expectations of $8.93 billion, according to Street accounts. Alphabet posted earnings of $1.89 per share, beating expectations of $1.84 per share, and its profits beat market expectations. The company’s revenue was $84.74 billion, beating the consensus estimate of $84.19 billion.
In Forest Hills, Queens, New York, a beautiful old house has a real estate agent’s for sale sign in front of it.
Lindsay Nicholson | UCG | Universal Images Group | Getty Images
It looks like we are heading towards a buyer’s market. Compared to May, existing home sales were June saw a 5.4% decrease According to the National Association of Realtors, existing home sales fell to a seasonally adjusted annualized rate of 3.89 million in June. Sales also fell 5.4% from a year ago, the lowest since December. Inventory increased 23.4% from a year ago in June, with 1.32 million homes sold, the highest since May 2020. Homes stayed on the market for an average of 22 days, four days more than a year ago. Meanwhile, prices remain high, with the average price of an existing home sold in June at $426,900. This was up 4.1% from a year ago and the highest price ever for the second consecutive month.
U.S. Secret Service Director Kimberly Cheatle attends a House Oversight Committee hearing on security failings that allowed the assassination attempt on Republican presidential candidate Donald Trump at the Capitol in Washington, U.S., July 22, 2024.
Kevin Mohat | Reuters
The Director of the U.S. Secret Service is officially Got offOn Tuesday, Kimberly Cheatle Assassination attempt Secret Service Director Schuittle condemned the agency’s actions following a rally for former President Donald Trump in Pennsylvania in early July that left one attendee dead and two seriously injured. This came one day after he testified before the House Oversight and Accountability Committee at a hearing on the Secret Service’s actions leading up to the Pennsylvania rally. The director refused to answer many questions about the Secret Service’s actions, angering members of the House committee. In a letter to Secret Service employees, Schuittle wrote, “In light of recent events, it is with a heavy heart that I have made the difficult decision to resign as Director.”
ATLANTA, GEORGIA – JULY 23: Travelers wait to board a delayed flight at Hartsfield-Jackson Atlanta International Airport on July 23, 2024 in Atlanta, Georgia. Delta Airlines canceled or delayed hundreds of additional flights as outages caused by Crowdstrike software updates entered their fifth day. (Photo by Brandon Bell/Getty Images)
Brandon Bell | Getty Images News | Getty Images
The U.S. Department of Transportation Delta Airlines SurveyAn IT outage on Friday caused widespread flight disruptions and customer service issues. The airline Thousands of flights canceled And the Department of Transport said delta Delta failed to keep its promises to passengers. The bureau added that the investigation would evolve as it processes a “large volume” of customer complaints. In response, Delta said in an emailed statement that it was cooperating fully. “Delta teams are working tirelessly on behalf of customers affected by delays and cancellations, and are working to restore the reliable, on-time service they expect from Delta,” the company said.
— CNBC’s Samantha Sabin, Alex Harring, Ece Yildirim, Michael Weiland, Laura Kolodny, Jennifer Elias, Diana Orrick, Dan Mangan and Rebecca Picciotto; Justin Fisher and Leslie Josephs contributed to this report.
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