Stock Market Update

[BRIEFING.COM] The market is operating in a mixed state as participants counterbalance some softish economic data with some seeming optimism regarding the U.S. and China working out their trade/tariff differences.

At the moment, though, there isn't as much optimism among Tesla (TSLA 287.19, -44.86, -13.6%) shareholders that Elon Musk, who has been vocally critical of President Trump's "one big, beautiful bill," and the president being able to work out their differences.

Tesla is getting clobbered today, which is weighing a bit on the broader market, and the outlook has gotten murkier for the stock with President Trump recently posting on Truth Social that, "The easiest way to save money in our Budget, Billions and Billions of Dollars, is to terminate Elon's Governmental Subsidies and Contracts."

The Vanguard Mega-Cap Growth ETF (MGK) is down 0.3% after being up as much as 0.8% earlier.