Tech Giants Tumble, Dow Soars: Today's Stock Market Recap

The stock market was mixed on Thursday, with the Nasdaq Composite dropping over 2% due to disappointing earnings and updates from Tesla and Netflix. The S&P 500 was down 0.4%, while the Dow Jones Industrial Average gained 0.7% thanks to strong earnings from Johnson & Johnson. Goldman Sachs predicts "unspectacular growth" for the US economy, and transportation stocks, including airlines, are performing well. Housing sales dipped in June due to low inventory, and Netflix stock fell after missing revenue estimates. Tesla's stock also dropped after reporting lower-than-expected margins.