Rough start to month | Sell in May? | Tesla slides on Musk tweet

Stocks kicked off May with a dip that erased the gains of the week.

VIEW IN BROWSER | SUBSCRIBE FRI, MAY 01, 2020 EVENING BRIEF AS OF FRI, MAY 01, 2020 • 04:13 ET DJIA 23723.69 -2.55% -622.03 S&P 500 2830.71 -2.81% -81.72 NASDAQ 8604.95 -3.20% -284.60   Most Active DOW NAME LAST CHG %CHG AAPL 289.07 -4.73 -1.61% MSFT 174.57 -4.64 -2.59% BA 133.37 -7.65 -5.42% S&P 500 NAME LAST CHG %CHG GE 6.50 -0.30 -4.41% AAL 10.64 -1.37 -11.41% F 4.92 -0.17 -3.34% NASDAQ NAME LAST CHG %CHG AAL 10.64 -1.37 -11.41% AMD 49.88 -2.51 -4.79% AAPL 289.07 -4.73 -1.61% EDITOR'S NOTE April was the best month for stock investors since 1987 … and May?   Stocks gave up all their gains for the week as the major indexes each declined on Friday - a weak start to what has historically been a soft month.   How well the economy emerges from the coronavirus pandemic remains uncertain, and there are bound to be surprises along the way, like Amazon's announcement that it missed earnings expectations. Amazon is one of the darlings of these troubled times, delivering groceries and wares of every kind to millions of Americans staying at home. But it just couldn't make its first-quarter earnings estimates, and its stock fell more than 7% on the news.   The online retailing wonder also said it plans to spend all of its estimated second-quarter profits - about $4 billion - responding to the pandemic.   "If you're a shareowner in Amazon, you may want to take a seat," the company said in a press release, "because we're not thinking small."   Take a seat indeed. It's May.   Subscribe to CNBC PRO for exclusive insights and analysis, and live business day programming from around the world. Al Lewis | CNBC Markets Editor @tellittoal TOP NEWS  Dow drops to start the new month, Amazon slides nearly 7% Tesla shares tank after Elon Musk tweets the stock price is 'too high' History shows when Elon Musk gets negative on Tesla's stock, you should too Amazon told investors they 'may want to take a seat,' here's what that means Track the latest coronavirus news here Joe Biden denies Tara Reade sexual assault allegations: 'They aren't true. This never happened' This pregnant Goldman Sachs trader says Wall Street will never be the same after the coronavirus House Judiciary Committee asks Jeff Bezos to testify about whether Amazon misled Congress Gilead gets emergency FDA authorization for remdesivir to treat coronavirus, Trump says Here's what to expect from Warren Buffett during Berkshire Hathaway's first virtual annual meeting     TOP VIDEO Larry Kudlow: China will be held accountable for coronavirus   CNBC PRO These companies fighting the coronavirus will pay off the most for investors, analysts say   SPECIAL REPORTS Apple earnings grow even in coronavirus pandemic — here's what to watch After S&P 500's best month since 1987, two top performers could continue to rally   Unsubscribe Manage Newsletters Terms of Service Join the CNBC Panel Digital Products Feedback Privacy Policy   © 2020 CNBC LLC. All rights reserved. A property of NBCUniversal. 900 Sylvan Avenue, Englewood Cliffs, NJ 07632 Data is a real-time snapshot *Data is delayed at least 15 minutes. Global Business and Financial News, Stock Quotes and Market Data and Analysis. Data also provided by THOMSON REUTERS