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

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