Tech Giants Drive Dow Jones Higher as Tesla Soars on Strong Earnings

The Dow Jones Industrial Average rose 0.9% with Microsoft surging on news of its AI subscription plans, while the S&P 500 and Nasdaq also saw gains. Retail sales rose 0.2% in June, and the National Association of Home Builders/Wells Fargo Housing Market Index increased for the seventh straight month. Tesla reversed earlier losses ahead of earnings, and other notable stocks such as Goldman Sachs, Apple, United Airlines, ASML, Netflix, Charles Schwab, Morgan Stanley, Bank of America, Lockheed Martin, Caterpillar, ON Holding, Monolithic Power Systems, Chipotle Mexican Grill, and American Express were also in focus.