The S&P 500 Index ($SPX) (SPY) this morning is down -0.32%, the Dow Jones Industrials Index ($DOWI) (DIA) is down -0.08%, and the Nasdaq 100 Index ($IUXX) (QQQ) is down -0.43%.
US stock indexes this morning are being pressured by higher T-note yields and some negative corporate news. Tesla is down more than -3% after Reuters reported that US prosecutors are looking into whether Tesla misled investors and consumers about its electric vehicles’ self-driving capabilities. Also, Intel and Qualcomm are down more than -2% after the US government revoked their licenses to sell semiconductors to Huawei Technologies. In addition, Uber Technologies is down more than -5% after reporting Q1 gross bookings below the consensus and forecasting weaker-than-expected Q2 gross bookings.
