Closing Bell: Tesla Enters Bear Market; Dow Falls More than 100 Points on Geopolitical Worries

Summary: Wall Street ended around session lows on Thursday, July 6. The S&P 500 and Nasdaq suffered hefty losses, while the Dow Jones Industrial Average declined more than 100 points. Geopolitical tensions rose on Thursday. The chances of diplomacy in dealing with North Korea are "quickly closing," U.S. ambassador Nikki Haley said on Wednesday. President Donald Trump also said his administration was looking at its options in dealing with the totalitarian nation. Trump is currently in Europe ahead of the G-20 summit. Tesla Inc. entered bear market territory, having fallen 20% from its 52-week closing high of $383.45 on June 23. The electric automaker has fallen roughly 15% since the beginning of week. Friday's U.S. jobs report was on Wall Street's radar. Job growth expected to pick up in June, while the unemployment rate is anticipated to have held at 4.3%. HSN Inc. surged after Liberty Interactive Corp. agreed to acquire the portions of the business it doesn't already own. Liberty will purchase the remaining 61.8% stake in an all-stock deal.