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Nasdaq dips more than 1% into the close, Tesla drives down consumer discretionary stocks

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The Nasdaq closed the day in the red, while energy stocks outperformed and Tesla drove down the consumer discretionary sector.

Video Transcript

RACHELLE AKUFFO: Welcome back to Yahoo Finance Live, everyone. We are just minutes away from the closing bell. Major indices heading into the close mixed, but let's take a deeper dive at how they're faring with our very own Ines Ferre at the Interactive. Ines.

INES FERRE: And Rachelle, as we've seen in the past, the NASDAQ being the one that's losing the most out of the major averages, down more than 1%, as we head to end the session today. Looking at the Dow, that's relatively flat. The S&P 500 down almost half of a percent. Over on the sectors, we are seeing consumer discretionary, which is lagging the most. And you're looking at energy stocks that are outperforming.

On the NASDAQ 100, take a look here, the big culprit being Tesla, down more than 6%. This is part of consumer discretionary. Also looking at Amazon, down 2%, and we're seeing Starbucks down more than 4%. Looking at the Chinese ADRs, we are seeing a little bit of a mixed picture here. JP Morgan upgraded some of these stocks. We did have some disappointing economic data coming out of China. So we're looking at a mixed picture for today. Over on the electric vehicle stocks as well, a mixed picture here. You have BofA that upgraded Nio. That's up more than 1 and 1/2%.

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