Nasdaq stocks lead the way.
The US major stock indices are ending the day with mixed results.
- The Dow is the dog, as it ends near unchanged levels (down -1.1 point or -0.01%.
- The S&P is ending the day with gains of 3.53 points or +0.15%
- The Nasdaq index was the big winner rising by 40.79 points or 0.67%.
Although the major indices ended with mixed results, there were some individual stocks that got hammered
- Tesla's production numbers were less than expectations and that prompted Goldman to cut their year end estimate from $190 to $180. That is going out on a limb with the stock trading at $327 at the close. That price is down $25 or -7.24% on the day. Do you buy some out of the money puts in case they are right? $180 is still a long way away....
- The auto parts stores were also hammered after O'Reilly Auto Parts pre-announced negatively. The stock fell -18.89% or -41.64 to $178.77. Autozone fell close to -10% on the day and Advanced Auto parts fell by -11.15%. UGLY day for that sector.
