Stock Market Today, July 22: Nasdaq Slides Prior to Tesla and Alphabet's Earnings After Market Close

U.S. stocks were mixed-to-lower as the Nasdaq fell 0.6%, leading declines after rising oil prices pressured growth shares. The article’s main focus is Alphabet (GOOG) and Tesla after both reported second-quarter earnings after the close. Alphabet rose 24% in sales, with cloud revenue up 81%, but free cash flow turned negative due to $45 billion in capital expenditures, which weighed on the stock. Tesla also disappointed on adjusted EPS despite 26% revenue growth, adding pressure to shares as investors reassess the company’s transition toward Cybercabs, Megapack 3, Tesla Semi, and Optimus. Broader market context included gold gaining 1.49%, the 10-year yield rising to 4.63%, and Nasdaq futures down 1% after hours, indicating continued pressure on growth stocks.