Stock Market Update
03-Dec-24 12:30 ET
TSLA shares under pressure amid some negative headlines
Dow -77.49
at 44704.51,
Nasdaq +1.54
at 19405.49,
S&P -6.98
at 6040.17
[BRIEFING.COM] There hasn't been much up or down movement at the index level in recent trading.
Tesla (TSLA 349.65, -7.52, -2.1%) shares have been under pressure through the entire session after CEO Elon Musk's pay package was again rejected by a Delaware judge, according to Bloomberg, and after China produced electric vehicle sales fell 4.3% in November, according to Reuters.
This price action has contributed to the loss in the S&P 500 consumer discretionary sector (-0.2%).
Casino stocks are the worst performers in the consumer discretionary sector. Caesar's Entertainment (CZR 37.11, -1.89, -4.8%) and MGM Resorts (MGM 36.93, -1.36, -3.6%) are the biggest laggards from the space.
