5 things to know before the stock market opens Thursday, July 25 [Video]

Here are five key things investors need to know to start the trading day:

1. Mega slump

All the major indexes saw losses Wednesday. In the trading session, the S&P 500 slid 2.31% to close at 5,427.13. The Nasdaq Composite also slid 3.64%, closing out at 17,342.41. Both indexes posted their worst session since 2022. The indexes were bogged down by earnings results from Google’s parent company Alphabet and Tesla. Meanwhile, the Dow Jones Industrial Average also moved lower, falling 1.25% to close at 39,853.87. With YouTube advertising revenue missing estimates, Alphabet plunged 5% to see its biggest one-day drop since Jan. 31, when it moved 7.5% lower. This is despite posting an earnings and revenue beat. Tesla posted results that missed earnings expectations and saw a 7% year-over-year drop in auto revenue. That sent the shares down 12.3%, marking its worst day since 2020. Follow live market updates.

2. Decelerating

3. Moving aside

U.S. President Joe Biden explainedhis …