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July 24 - The S&P 500 and Nasdaq closed at multi-week lows on Wednesday, as lackluster earnings from Tesla and Alphabet undermined investor confidence inAs the first of the Magnificent Seven stocks reported quarterly numbers, investors had been awaiting new data to see if lofty valuations were justified. With these seven companies having suchsince June. Meanwhile, the Dow Jones Industrial Average , closed below 40,000 points for the first time in two weeks.
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