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Kiplinger
Kiplinger
Business
Karee Venema

Nasdaq Sinks as Software Stocks Slump: Stock Market Today

(Image credit: Getty Images)

The stock market's rebound was short-lived, with all three main equity indexes closing lower Thursday. Sparking the sell-off was a round of disappointing blue-chip earnings, while market participants also kept an eye on geopolitical headlines, with little sign of a peace deal in sight.

First-quarter earnings season is in full swing, and the latest batch of corporate reports made plenty of noise. Tesla (TSLA), for one, fell 3.6% as the electric vehicle maker's Q1 beat was overshadowed by a big increase in spending.

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