[BRIEFING.COM] The major averages sit modestly lower as mixed strength in the broader market fails to offset early mega-cap and tech weakness.
Tesla (TSLA 366.37, -9.93, -2.64%) is a notable laggard, extending losses following last week's earnings report, where the company topped estimates but signaled a significant increase in capital expenditures.
Meanwhile, Intel (INTC 85.53, +2.99, +3.62%) continues to soar after better-than-expected earnings results of its own last week, remaining one of the top-performing S&P 500 components today following a 23.6% rally on Friday.