Nasdaq and Big Tech's Record Highs, Tesla Hotter In July, Paramount Soars 7/3/24

Heading into the 4th of July holiday, David Faber, Melissa Lee and Mike Santoli discussed what to make of big tech fueling the Nasdaq to a new all-time high. Microsoft, Apple and Amazon entered Wednesday's trading session at record closing highs. Tesla shares continue to rebound in a big way one day after the EV maker's better-than-expected Q2 deliveries. The stock is closer to erasing its steep losses for 2024. Paramount shares soared on M&A news: According to David’s sources, the company has reached a preliminary deal with Skydance. Also in focus: Ford Q2 auto sales, Southwest's "poison pill." Marko Kolanovic reportedly out as J.P. Morgan Chief Market Strategist. Squawk on the Street Disclaimer