The S&P 500 Index ($SPX) (SPY) Thursday closed down -0.22%, the Dow Jones Industrials Index ($DOWI) (DIA) closed down -0.36%, and the Nasdaq 100 Index ($IUXX) (QQQ) closed down -0.17%. March E-mini S&P futures (ESH25) are down -0.25%, and March E-mini Nasdaq futures (NQH25) are down -0.25%.
Stocks on Thursday gave up an early advance and settled lower, with the S&P 500 posting a 1-3/4 month low, the Dow Jones Industrials posting a 1-month low, and the Nasdaq 100 posting a 1-1/2 week low. The weakness in the megacap stocks of Tesla and Apple weighed on the broader market. Tesla fell more than -6% Thursday after it reported fewer than-expected Q4 auto deliveries. Also, Apple fell more than -2% after Reuters reported it was offering discounted smartphones in China due to rising competition from domestic rivals like Huawei.
