Markets Close Mixed After Choppy Trading Session
It was a day filled with uncertainty as the Dow crossed the "unchanged" level 67 times!
In the final minutes of trade Tuesday, the Dow and S&P 500 climbed back into positive territory after the S&P 500 fell to lows of the session in the final hour of trade. The Dow managed to close higher by 47 points, while the S&P 500 rose two points. The Nasdaq unfortunately closed in the red today by nearly 27 points.
An "Apple" a day certainly wasn't helping the markets in the afternoon, as the tech giant dragged them down. Apple saw its biggest drop since Sept. 1 and even shaved 23 points off the Dow in the afternoon.
And while the markets see-sawed, many car lovers' attentions were elsewhere as the highly anticipated new product from Tesla was expected to make its debut Tuesday evening. Elon Musk was expected to deliver the first Model X electric SUV at 11 p.m. Eastern/8 p.m. Pacific. This is the first sport utility vehicle released by the electric car company and hopes to push delivery numbers past the 50,000 level by year's end.
Shares of Tesla fell lower by three-quarters of a point ahead of the big event.