Markets Mixed as Tech Slumps and Dow Rises Amid Tax Bill Passage
TL;DR Summary
Major stock indexes experienced a slight decline after recent record highs, with tech stocks falling amid geopolitical tensions and trade uncertainties. Tesla's shares dropped over 5% due to Elon Musk's feud with Trump, while other tech giants also declined. Meanwhile, positive developments in Macau gaming revenue and strong Q2 auto sales boosted casino stocks and automakers. Investors are closely watching trade negotiations, Fed interest rate decisions, and Tesla's upcoming delivery report, amid ongoing geopolitical and economic uncertainties.
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