Market Close 25 July 24: Biggest tumble in weeks for the ASX

The Aussie market took a significant tumble today, marking it's biggest decline in 6 weeks, largely influenced by disappointing earnings from major US tech companies, Tesla and Alphabet. This led to a broad sell-off across all sectors, with tech stocks being the hardest hit. Key losers included Macquarie Group and Fortescue Metals, which faced challenges from higher costs and declining commodity prices. Despite the market downturn, Coronado Resources emerged as the top performer, while Regis Resources struggled despite strong production results. 

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