Banks and Tesla not doing well
US stocks are opening down on the day but with modest declines. Banks/Financials are being pressured on the back of worries about European bank concerns (i.e. Italy). Tesla is getting hammered on the SEC suit against Elon Musk.
A snapshot of the market shows:
- S&P index -2.5 point or -0.09% at 2911
- NASDAQ -6 points or -0.8% at 8035
- Dow -34 points or 0.13% at 26406
A snapshot of some financial stocks in US and Europe are showing declines across the board.
Tesla is trading down trading down 11.8% or -$36 at $271.