Tesla slide hits Nasdaq 100 but 18k holds

Yesterday an update here suggested the Nasdaq 100 might have an appointment with 18k. Well, it got very close to that level, but in the event it capped the downside. The low seen in the cash index was set at 18,002. A rebound that followed helped the index rise back to 18,135, which was the high of the day. The index later closed at 18,121, with a loss 171 points on the session. The noted slide in Tesla stock was a major driver behind the lower close last night. Tesla (TSLA) handed back 8.59% yesterday and this stock appears to be in deep trouble right now. Overnight, the Nasdaq 100 futures have fallen with the Asian stock markets and right now the index is pricing a reopening below 18,065. Now that might change over the coming hours, but it remains to be seen if that 18k level will remain intact again later today, with important US economic releases due later on.