"Dow Drops 150 Points as Tesla and Nike Stocks Take Center Stage"

The Dow Jones Industrial Average slid 150 points as the Nasdaq Composite wavered in afternoon trading, retreating from earlier gains. Gains by Alphabet and Microsoft helped support the tech-heavy Nasdaq, while a majority of stocks in the S&P 500 moved lower. Nvidia's upcoming results and SoftBank's Arm unit's potential IPO added excitement to the tech sector. Benchmark bond yields fell after reaching their highest level since 2007, and overseas stocks mostly gained. Brent crude oil prices dropped due to concerns about China's economy impacting demand.