Tesla's Drag on Wall Street
Wall Street's main indexes opened lower on Monday, with shares of Tesla (NASDAQ: TSLA) being among the top drags. Investors are also keenly awaiting quarterly reports from U.S. retail giants and economic data later in the week to gauge the strength of consumer spending.
S&P 500 and Nasdaq Composite's Initial Performance
The S&P 500 started the day lower by 5.92 points, or 0.13%, at 4,458.13, while the Nasdaq Composite dropped 45.85 points, or 0.34%, to 13,599.00 at the opening bell.
Minor Drop in the Dow Jones Industrial Average
The Dow Jones Industrial Average also experienced a decline, albeit a minor one, falling 7.51 points, or 0.02%, at the open to 35,273.89. This dip aligns with the overall downtrend observed across other major indices on Wall Street.