Reuters
Wall Street mixed after weak business data; Tesla drags Nasdaq
U.S. stock indexes were mixed in morning trading on Monday, with the tech-heavy Nasdaq hit by a slide in Tesla and other megacap stocks while signs of a cooling U.S. economy raised hopes that the Federal Reserve will eventually slow its pace of rate hikes. Tesla Inc dropped nearly 7% after it cut starter prices for its Model 3 and Model Y cars by as much as 9% in China, indicating signs of softening demand in the world’s largest auto market. Other megacap shares, including those of Amazon.com Inc and Alphabet Inc, also dropped ahead of their earnings later this week.