Former Reagan economist Art Laffer argues against another round of coronavirus stimulus.

U.S. equity markets reversed course, giving up earlier gains, to end the session lower as investors reviewed disappointing jobless claims data and continued to hedge mega-cap technology names.

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Ticker Security Last Change Change % I:COMP NASDAQ COMPOSITE INDEX 10919.59308 -221.97 -1.99% NFLX NETFLIX INC. 480.67 -19.52 -3.90% TSLA TESLA INC. 371.34 +5.06 +1.38%

The Nasdaq Composite led the selling, closing down about 2%, with Netflix among the weaker performers.

Tesla, however, bucked the downtrend with shares continuing to recover after an 11% jump on Wednesday. They fell 21% on Tuesday.

Ticker Security Last Change Change % I:DJI DOW JONES AVERAGES 27534.58 -405.89 -1.45% AAPL APPLE INC. 113.49 -3.83 -3.26%

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