Tesla was among the big`est drags on the S&P 500 and Nasdaq.Recent solid U.S. economic reports have raised doubts about whether the Fed could deliver the three rate cuts outlined in its latest forecast.
According to preliminary data, the S&P 500 lost 37.73 points, or 0.72%, to end at 5,206.04 points, while the Nasdaq Composite lost 156.38 points, or 0.95%, to 16,240.45. The Dow Jones Industrial Average fell 387.81 points, or 1.00%, to 39,171.55.
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Tesla's Quarterly Deliveries Decline, Miss Estimates Amid Competitive LandscapeTesla's quarterly deliveries declined for the first time in nearly four years and fell short of Wall Street analysts' estimates amid a challenging competitive landscape in the EV market and questions regarding the company's direction.
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