Major US stock indices have mostly recovered their earlier losses. The S&P index is currently at 5657, down 6.8 points or -0.11%, while the Dow is down 14 points or -0.03%. The NASDAQ index has gained 16.7 points or 0.09%.
At their lows, the Dow dropped by 519.46 points, the S&P fell by 59.79 points, and the NASDAQ declined by 216.82 points. Tesla shares increased by $9.40 or 3.97% to $245.65, while its 100-hour moving average stands at $247.71.
Tesla Stock Performance
Tesla’s stock is nearly 50% down from earlier in the year.
This means that losses from earlier in the session have mostly faded. The S&P 500, Dow Jones Industrial Average, and NASDAQ Composite have all pared back their declines, though not entirely. For most of the day, downward pressure was stronger, with each index experiencing heavier losses before bouncing back toward their current levels. The NASDAQ, in particular, has shifted into positive territory, while the Dow remains slightly negative.
For context, the day’s trading began with a sharp sell-off, with the Dow losing over 500 points at its lowest, the S&P 500 shedding nearly 60 points, and the NASDAQ dropping more than 200 points. These declines reflected earlier market weakness, though buyers evidently stepped in to prevent deeper losses.
Tesla’s stock has reversed some of its recent declines with a gain of nearly 4%. The current price of $245.65 remains below the closely-watched 100-hour moving average of $247.71, indicating resistance nearby. Despite today’s climb, shares in the electric carmaker remain far below their peak from earlier in the year, down around 50% over that period.
Market Sentiment And Outlook
The way prices have moved today suggests caution is still warranted. While the recovery is notable, earlier weakness cannot be ignored, particularly in stocks like Tesla, where broader trends remain intact despite short-term gains. The fact that indices pulled back from their session lows suggests buyers are present, though it does not mean downward movement has stopped altogether.
Moving forward, whether buyers can maintain the current stabilisation or if fresh selling resumes will be key. If resistance levels continue to hold, further retracement could occur. The NASDAQ’s slight rebound into positive territory, while encouraging, does not necessarily confirm broader strength just yet. Watching technical levels, such as Tesla’s moving averages and recent support and resistance points, will provide insight into the likelihood of further bounces or renewed declines.
What we have seen today reflects shifting momentum intraday, but the broader picture has not yet shown major changes. If previous downward trends continue, any rallies may face limits, but if recovery efforts strengthen, that could shift sentiment more decisively.
