Big news in the stock market today! The stock market went down because people are worried about how much money people are spending. It's like a big game of 'will they, won't they' spend money, and right now, it looks like they might spend less.
- Tesla, a big electric car company, had to call back lots of its cars because of a problem with the steering.
- Walmart, a huge store, said they aren't doing as well as expected.
- People are worried about prices going up (inflation), and that's making the stock market nervous.
Fact | Number |
---|---|
Tesla stock dropped | 4% |
Dow Jones dropped | almost 700 points |
Tesla cars recalled | over 375,000 |
Consumer sentiment index | 64.7 (down 10%) |