Stocks were mixed Wednesday as investors pushed the Dow Jones industrial average to another record but the Nasdaq composite edged lower. Tesla Motors' stock sank $25.65, or 14.5 percent, to $151.16 after it reported a loss.
Stock market took a hit from Washington's budget battle Friday. A showdown over federal spending sent the stock market plunging in an afternoon sell-off that wiped out all the gains from a rally earlier this week.
Stocks rose on Wall Street Friday with a big jump in Microsoft lifting the Dow Jones Industrial average. Stocks stumbled at mid-morning after the government reported a plunge in new home sales, then drifted steadily higher in the afternoon.