David Mastroianni, account executive at Adviser Investments, has the market analysis for Tuesday, July 2. All major U.S. stockA financial instrument giving the holder a proportion of the ownership and earnings of a company. indexes advanced for the third consecutive day, with the Dow Jones Industrial Average and S&P 500 and both gaining 0.3% and the NASDAQ Composite up 0.2%. Brent crude oil dropped 4% to close below $60 per barrel for the first time since January. In the automobile industry, Tesla announced record-breaking production and delivery for its second quarter, beating expectations and sending Tesla shares up nearly 7%.
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