Tech Giants Tesla and Netflix Cause Nasdaq to Plummet: Stock Market Update

The stock market was mixed on Thursday, with the Nasdaq falling over 1.5% due to disappointing updates from Tesla and Netflix, while the Dow Jones Industrial Average rose 0.7% on the back of strong earnings from Johnson & Johnson. After-hours earnings from Tesla and Netflix failed to excite investors, dampening hopes for a boost to the second quarter earnings season. Meanwhile, June home sales dropped 3.3% as inventory hit a historic low, leaving potential buyers with fewer options.