U.S. stocks experienced a dip on Wednesday, marked by declining prices as traders and investors faced a deluge of corporate earnings reports. The day was especially notable, as Tesla’s shares dropped nearly 2% despite expectations of strong sales in the third quarter, driven by tax incentives for electric vehicles. This pullback among leading stocks, especially in technology, raises concerns amid a busy earnings calendar .
Key Earnings
The US stock market showed signs of caution as the Dow Jones Industrial Average fell 334.33 points, or 0.71%, to 46,590.42. The S&P 500 lost 35.93 points, a decline of 0.53%, closing at 6,699.41, while the Nasdaq Composite declined 213.27 points, or roughly 0.93%, to 22,740.40.
Despite an initial bounce in the session, the overall trend remained downwar