US Stock Market Highlights: S&P 500 closes lower as Tesla shares tumble, traders weigh Trump-Xi talk
HomeMarket NewsUS Stock Market Highlights: S&P 500 closes lower as Tesla shares tumble, traders weigh Trump-Xi talk
US Stock Market Highlights: The S&P 500 slipped 0.53% on Thursday (June 5) to close at 5,939.30, weighed down by a sharp decline in Tesla shares. The Nasdaq Composite dropped 0.83% to finish at 19,298.45, while the Dow Jones Industrial Average shed 108 points, or 0.25%, ending at 42,319.74. Tesla was the biggest drag on the session, plunging more than 14% and falling below its trillion-dollar market cap.
US Stock Market Highlights: The S&P 500 slipped 0.53% on Thursday (June 5) to close at 5,939.30, weighed down by a sharp decline in Tesla shares. The Nasdaq Composite dropped 0.83% to finish at 19,298.45, while the Dow Jones Industrial Average shed 108 points, or 0.25%, ending at 42,319.74. Tesla was the biggest drag on the session, plunging more than 14% and falling below its trillion-dollar market cap. The drop came after former President Donald Trump said he was “very disappointed” with CEO Elon Musk, hinting at the possibility of cutting government contracts with Musk-led companies. Musk responded on X, claiming that “without me, Trump would have lost the election,” escalating the public spat.
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