Cathie Wood's Tesla Stock Sell-Off Precedes Dow Jones Retail Earnings Dip

The Dow Jones Industrial Average dropped as investors prepared for a week of retail earnings, while Cathie Wood's Ark Innovation ETF sold Tesla stock. Tesla's stock price declined after the company lowered the starting prices of its Model Y car in China. This week, investors will closely watch July retail sales, builder sentiment, and housing starts and permits data. Retail earnings from Walmart and Home Depot are also in focus, along with several other companies. The stock market opened with the Dow Jones down 0.1%, the S&P 500 up 0.1%, and the Nasdaq composite up 0.25%. Notable stocks to watch include Boeing, Intel, Visa, Expro, SLB, MercadoLibre, and Interactive Brokers.