Weakness in mega cap stocks pulling down SPX NDX:
Vanguard Mega Cap Growth ETF $MGK -0.8%
Apple $AAPL 161.44, -3.21, -2.0%
Alphabet $GOOG 106.18, -2.72, -2.5%)
Tesla $TSLA 182.37, -2.70, -1.5%
TSLA’s decline is related to reports that the company cut prices for its vehicles in the U.S. for the fifth time since January.
NVIDIA (NVDA 275.10, +4.74, +1.8%), benefitting from renewed buying interest in semiconductor-related names.