Tesla Stock Decline: Adviser Investments Market Recap

Tesla Down 8% on Sales Decline

Chris Hagan, vice president at Adviser Investments, has the market analysis for Thursday, April 4. Major U.S. market indexes closed with mixed results, with the Dow Jones Industrial Average and S&P 500 up 0.6% and 0.2%, respectively; and the NASDAQ down 0.1%. Several well-known, multinational stocks contributed to today’s gains, including Boeing and Dow Chemical’s respective 3% and 5% increases. Tesla, on the other hand, saw its stock fall more than 8% after reporting a 31% quarterly drop in auto sales. Amazon also made headlines after founder Jeff Bezos and ex-wife MacKenzie disclosed certain material terms of their divorce settlement, under which Jeff retains ownership of 75% of the couple’s Amazon stock as well as voting control over MacKenzie’s shares.

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