Stock Market Update

[BRIEFING.COM] The major averages trade in a relatively tight range just above their session lows, with the Nasdaq Composite (-2.3%) posting the largest loss, while the S&P 500 (-1.7%) and DJIA (-1.3%) hold more modest losses.

CNBC confirmed that the Commissioner of Labor Statistics, Dr. Erika McEntarfer, has been officially fired by President Trump, with the president citing large jobs report revisions and alleged data manipulation in a post on Truth Social. 

The consumer discretionary sector (-3.6%) remains the worst-performing S&P 500 sector, as Amazon (AMZN 215.03, -19.08, -8.2%) trades lower in response to its earnings report. 

SFGate reports that a Miami jury has ordered Tesla (TSLA 304.30, -3.97, -1.3%) to pay over $200 million in punitive damages as a result of a fatal 2019 autopilot crash, though there has not been a significant price movement in the stock following the announcement.