Evening Market Recap - Wednesday, 24-Jul

US equities finished down in Wednesday trading, with the Dow Jones, S&P500 and Nasdaq falling 125bps, 231bps, and 364bps respectively. Today marked the Largest S&P decline since Dec-22; and the Nasdaq logged its worst daily performance since Oct-22. Disappointing big-tech earnings takeaways were a major overhang on sentiment. July composite flash PMI was in line. June new-home sales were well below consensus. June US Architecture Billings Index (ABI) increased to 46.4 from 42.4 in May.