Tesla Dragged Down the Market Thursday, but This Large-Cap Loser Fell Twice as Hard

Tesla Dragged Down the Market Thursday, but This Large-Cap Loser Fell Twice as Hard
·3 min read

The stock market had another day of intraday volatility on Thursday, with early gains evaporating for major market benchmarks. The Dow Jones Industrial Average (DJINDICES: ^DJI) managed to finish within spitting distance of the unchanged mark, but the further down the market capitalization spectrum you go, the worse various indexes fared. The S&P 500 (SNPINDEX: ^GSPC) and Nasdaq Composite (NASDAQINDEX: ^IXIC) were successively worse, and small-cap stocks were down more than 2%.

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