BlockBeats News, July 23rd, according to BIT (bit.com) market data, the Dow Jones opened down 0.92%, the S&P 500 index dropped 1.12%, and the Nasdaq fell 1.75%.

Tesla (TSLA.O) opened down by about 9% as quarterly profits fell short of expectations and free cash flow turned negative for the first time in over two years.

Google's parent company Alphabet (GOOG.O) fell by about 6% after previously raising its full-year capital expenditure forecast and warning that cash flow pressures would persist.