Tesla CEO Elon Musk Loses Massive $30B In Wealth As Stock Closes 15% Lower This Week On Earnings Miss, Weak Outlook
WithTesla Inc shares dropping hard onElon Musk‘s weak economic outlook from the company’s recent earnings call, the CEO’s net worth has also taken a hit by a massive $30 billion.What Happened:Tesla re
S&P 500 ends down, Big Tech lifts Nasdaq to record
* Indexes end: S&P 500 -0.34%, Nasdaq +0.07%, Dow -0.76%. The S&P 500 closed lower on Tuesday while the Nasdaq edged up to a record high, as investors balanced worries about the slowing pace of economic recovery with expectations that the Federal Reserve will maintain its accommodative monetary policy.Amgen Inc fell 2.2% and Merck & Co lost 1.7% after $Morgan Stanley$ cut its rating on the stocks to "equal-weight" from "overweight.". The Nasdaq was supported by Big Tech stocks that have fueled W