The Dow surges 325 points as Big Tech recovers but Tesla sinks

News Snapshot:

The Dow Jones Industrial average surged more than 450 points on Monday afternoon — never mind Tesla’s still-bumpy ride after Elon Musk’s EV maker laid off more than 10% of its staff and slashed prices all over the world. Tesla stock continued its slide ahead of Tuesday’s closely watched earnings report. TSMC beat on Q2 sales expectations driven by AI boom, Nvidia, and Apple CC Share Subtitles Off English view video TSMC beat on Q2 sales expectations driven by AI boom, Nvidia, and Apple But AI chipmaker Nvidia bounced back from last week’s steep decline and was among the top...