US STOCKS SNAPSHOT-S&P 500, Nasdaq erase gains as Tesla weighs

The S&P 500 and the Nasdaq erased their gains in afternoon trading on Thursday, dragged down by a sharp fall in Tesla shares after the electric carmaker warned supply chain issues would last through the rest of the year.

At 12:54 p.m. ET, the Dow Jones Industrial Average was up 88.96 points, or 0.26%, at 34,257.05, the S&P 500 was down 1.09 points, or 0.03%, at 4,348.84, and the Nasdaq Composite was down 62.90 points, or 0.46%, at 13,479.22.

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