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Nasdaq falls 1.5% to a session low. Eyes on Tesla and Netflix

The US equity market has been carried by a handful of megacap tech stocks this year but they're starting to show some cracks. Tesla announced poor delivery numbers at the start of October and the market is worried about higher interest rates.Today, the Nasdaq is down 1.5% and trading at a session low in the final hour of trading. It's also at a one-week low.Shares of Tesla are under pressure, down 4.7%, which is a two week low.Meanwhile, shares of Netflix are at the lowest since May and down 2.8... Read More

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Posted: Oct 18 2023, 19:32

Author Name: forexlive

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