Stock Market Update

[BRIEFING.COM] The Nasdaq Composite (flat) is now defending its flatline while the S&P 500 (-0.2%) and Nasdaq Composite (-0.2%) both slip lower. 

Tesla (TSLA 443.75, -11.25, -2.47%) is a laggard across mega-cap names today after Morgan Stanley assumed/downgraded coverage on the stock at Equal Weight from Overweight.

Netflix (NFLX 95.88, -4.36, -4.35%) also lags after receiving a downgrade this morning. Rosenblatt downgraded the stock to Neutral from Buy, citing heightened uncertainty and risks pertaining to the Warner Bros. Discovery (WBD 27.58, +1.50, +5.75%) acqusition.