 visit straighttalk.com and this is markets in a minute drops for big tech are dragging stocks lower after profit reports for tesla and google's parent company hit wall street with a thud the s&p 500 was down 1.4 percent in the first hour of trading wednesday the dow fell 376 points that's about nine tenths percent the nasdaq composite gave back two percent tesla slumped almost 12 percent after reporting a 45 percent decline in profits during the spring google's parent company alphabet dropped