US stock market: S&P 500, Dow slide after gloomy earnings led by Tesla
The S&P 500’s rally to start the year is set to be tested by a first-quarter earnings season that investors expect to show tepid results. So far, analysts have largely retained last week’s expectations of a near-5% year-on-year fall in quarterly profits at S&P 500 companies, according to Refinitiv data.
