Tesla Leads Nasdaq Lower; Here's How the Nasdaq-100's Newest Stocks Fared
The stock market moved lower on Monday morning, with the Nasdaq Composite (NASDAQINDEX: ^IXIC) having been down as much as 230 points at its worst levels. By just before 1 p.m. EST, however, the Nasdaq had rebounded significantly and was down less than half a percent.
Among big-name stocks, Tesla (NASDAQ: TSLA) got a lot of attention, as today marked the first day that the EV manufacturer's stock traded in the S&P 500 Index. Elsewhere in the index world, six new stocks joined the Nasdaq-100 Index, with mixed levels of success.
Shares of Tesla were down almost 5% in early afternoon trading on Monday. The stock has been on a huge run higher in anticipation of today's inclusion in the S&P 500, and now that index-fund investors have bought into the automaker's stock, bulls are taking a well-deserved breather.
Source Fool.com
