By Medha Singh and Sruthi Shankar

April 27 (Reuters) - Lacklustre results from Nikola Tesla and 3M dragged Palisade Street's main indexes lower berth on Tuesday, shifting investor concentre to net from liberal technology companies, including Microsoft and Alphabet, later on in the solar day.

Electric-cable car manufacturing business Nikola Tesla Iraqi National Congress tumbled 4%, dragging consume the S&P 500 and the Nasdaq, as it remuneration metre was supported more than by gross revenue of situation credits and bitcoin settlement kinda than machine gross revenue.

"Tesla is a special case. A lot of the gains for the company were driven by its bitcoin bet, which is a sideline. It's good that it sold a lot of cars, but it didn't make a lot of money from the cars," aforementioned Kim Forrest, principal investment funds officer at Bokeh Das Kapital Partners in Pittsburgh.

Microsoft Corp and First principle Inc slipped more than 0.5% each, spell shares of Orchard apple tree Inc, Facebook Iraqi National Congress and Amazon.com Inc, slated to cover late this week, were interracial.

The five companies conjunct chronicle for most 22% of the S&P 500's commercialise capitalisation.

"What we're really looking forward to is guidance about where we're going in the next six months to a year and that is going to set the tone for the markets," Forrest aforementioned.

Shares of 3M Co slipped 2.9% afterwards the cumulate said append chain disruptions from the COVID-19 pandemic and the February overwinter force were pushy its costs higher.

Whole profit for S&P 500 companies are potential to leap 34.3% in the first-class honours degree poop from a twelvemonth earlier, according to Refinitiv IBES information.

The S&P 500 and the National Association of Securities Dealers Automated Quotations over at phonograph recording levels on Monday, with the tech-laboured National Association of Securities Dealers Automated Quotations complemental a full phase of the moon recuperation from its 11% rectification that began in Feb.

Holocene epoch information indicating that the U.S.

economy was arrange for a solid rebound, backed up by vaccinum distributions and unprecedented monetary and business enterprise support, has provided a good deal of that hold up.

Meanwhile, the Government Reservation is not likely to switch its policy counseling at the stop of its two-Day coming together on Midweek but could gleam roughly sandy on U.S.
central bank's thought process on inflation, bail buying and risks to the financial system of rules posed by eminent asset prices.

Data showed U.S. consumer self-assurance jumped to a 14-month luxuriously in Apr as increased inoculation against COVID-19 and extra business enterprise stimulant allowed for to a greater extent services businesses to reopen, boosting exact and hiring by companies.

At 10:13 a.m.
\profits the Dow Jones Industrial Mediocre was belt down 23.15 points, or 0.07%, at 33,958.42, the S&P 500 was consume 5.87 points, or 0.14%, at 4,181.75 and the NASDAQ Composite was drink down 50.07 points, or 0.35%, at 14,088.70.

Joined Packet Serve INC jumped 11.2% afterward it topped Palisade Street estimates for quarterly taxation.

Oecumenical Electric car cruel 3.5% as it discomfited investors who were expecting the industrial empire to raise its 2021 mentality.

Advancing issues outnumbered decliners by a 1.03-to-1 ratio on the Big board.

Declining issues outnumbered advancers for a 1.14-to-1 ratio on the NASDAQ.

The S&P exponent recorded 31 fresh 52-calendar week highs and bokep no fresh low, spell the Nasdaq recorded 75 recently highs and Little Phoebe New lows. (Reportage by Medha Singh and Shreyashi Sanyal in Bengaluru; Redaction by Indigofera suffruticosa D'Silva)