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Barchart
Rich Asplund

Stocks Settle Lower as Tech Stocks Fall on a Plunge in Tesla

Tesla Inc. Donald Trump United States ECB Nasdaq SP LAGARDE Xi Jinping US Federal Reserve Elon Musk

The S&P 500 Index ($SPX) (SPY) Thursday closed down -0.53%, the Dow Jones Industrials Index ($DOWI) (DIA) closed down -0.25%, and the Nasdaq 100 Index ($IUXX) (QQQ) closed down -0.80%.  June E-mini S&P futures (ESM25) are down -0.52%, and June E-mini Nasdaq futures (NQM25) are down -0.84%. 

Stock indexes on Thursday gave up early gains and retreated after Tesla plunged more than -14% to lead technology stocks lower when President Trump proposed ending government contracts and subsidies for Elon Musk's companies. 

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