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Tesla slumps, Alphabet jumps: Google's parent company stock gains 3% on AI spend, Tesla drops 9% after Q2 result
Alphabet's shares surged following strong earnings and increased AI investment, boosting related stocks. Conversely, Tesla's shares plummeted due to Musk's warning of challenging quarters ahead and the loss of key incentives. Airline stocks also declined despite earnings reports. Overall, global indices saw gains amid hopes of trade deals and easing inflation, while Treasury yields edged up.
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