Tesla's disappointing results on the Nasdaq and Standard & Poor's indices

Yesterday on Wall Street, the Nasdaq and Standard & Poor's indexes fell early on the back of Tesla's decline on fears of a price cut.

While Netflix's shares fell as quarterly earnings fell short of analyst expectations.

However, the Dow Jones Industrial Average rose 30.77 points, about 0.09%, to 35,091.98 points.

The Standard & Poor's 500 Index fell 11.34 points, or 0.25 percent, to 4,554.38 points, while the Nasdaq Composite Index fell 84.72 points, or 0.59 percent, to 14,273.29 points, according to Reuters.

Meanwhile, the European Stoxx600 index hit a one-month high yesterday on the back of mining, banking and medical stocks, but chip-related stocks slumped after Taiwan's TSMC's dismal forecasts.

The Stoxx 600 rose 0.4% to close for three straight trading gains. Yesterday, the index reached an all-time high of 464.17 points.

Hopes for a easing in global price pressures have been heightened by encouraging business reports and data showing a sharp slowdown in consumer prices in the UK.

The European mining and health index rose 1.6%, while the banking index rose 0.6%. Three sectors posted their best performances yesterday.

The tech sector index, which has risen about 23% since the start of the year, recorded the biggest drop in Europe and closed 2.5% lower.

Shares of semiconductor companies such as ASML, ASM International and Extron fell from 2.7% to 5.6% after TSMC predicted a decline in 2023 sales due to the impact of global economic troubles on chip demand.

In Asia, yesterday Japan's Nikkei Stock Average fell after two straight gains, weighed down by a plunge in semiconductor stocks that hit US stocks.

Investors were also cautious as major companies such as engine maker Nidec and chip equipment maker Disco Corporation refrained from announcing financial results after the market closed.

The Nikkei Stock Average fell 1.24 percent to $32,490.52, close to yesterday's trading low.

The index rose 1.6% from the last two sessions, approaching the psychologically important level of 33,000 points.

The Nikkei Stock Average fell 5.8% by July 12 after closing at 33,753.33 on July 3, a 33-year high.