Tesla stock skidded after the company reported weaker-than-expected deliveries in the second quarter. ASML Holding fell hard as chip stocks continued reeling in the wake of Micron Technology's weak quarterly report on Friday. The Dow Jones Industrial Average dived 500 points Tuesday morning, signaling a weak start to the holiday-shortened week.

Dow Jones tech leaders Apple (AAPL) and Microsoft (MSFT) were both sharply lower after today's stock market open. Chinese electric-vehicle giant BYD (BYDDF) reported strong sales in June, but the stock still fell 2%. Johnson & Johnson (JNJ), Merck (MRK) and UnitedHealth (UNH) are among the stocks to watch.

After Tuesday's open, the Dow Jones Industrial Average lost 1.7%, while the S&P 500 dropped 1.6%. The tech-heavy Nasdaq composite declined 1.4%. Remember that overnight action in Dow futures and elsewhere doesn't necessarily translate into actual trading in the next regular stock market session.

The Nasdaq rose 0.9% Friday, slightly lagging gains of almost 1.1% by the Dow Jones Industrial Average and the S&P 500. U.S. oil prices tumbled more than 4%, with West Texas Intermediate trading around $103.50 a barrel.
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