Stock Market Update

[BRIEFING.COM] The indices fell to new session lows in the past half hour, with Tesla (TSLA 283.77, -48.28, -14.5%) acting as a major drag. Notably, the S&P 500 was within a whisker of cracking the 6,000 level earlier today but got rejected at the door, peaking at 5,999.70.

Some technical selling pressure kicked in when the 6,000 level couldn't be cracked, and then buying interest faded throughout the afternoon session.

The impact of Tesla's losses has been felt in the consumer discretionary sector (-2.4%), which is today's worst-performing area despite a 0.7% gain in Amazon.com (AMZN 208.63, +1.40, +0.7%).

There was an interesting batch of economic data released before today's open, and the economic calendar promises to be a focal point Friday with the release of the May Employment Situation Report at 8:30 a.m. ET.