Stocks give up big gain | S&P 500 briefly positive for 2020 | California closing indoor businesses

Stocks gave up a strong rally after California announced plans to close indoor businesses.

VIEW IN BROWSER | SUBSCRIBE MON, JUL 13, 2020 EVENING BRIEF AS OF MON, JUL 13, 2020 • 04:30 ET DJIA 26085.80 +0.04% +10.50 S&P 500 3155.22 -0.94% -29.82 NASDAQ 10390.84 -2.13% -226.60   Most Active DOW NAME LAST CHG %CHG PFE 35.21 +1.38 +4.08% AAPL 381.91 -1.77 -0.46% BA 175.65 -2.79 -1.56% S&P 500 NAME LAST CHG %CHG F 6.06 -0.04 -0.66% BAC 24.19 +0.17 +0.71% GE 6.70 +0.01 +0.15% NASDAQ NAME LAST CHG %CHG AAL 11.63 -0.31 -2.60% AMD 53.59 -2.29 -4.10% UAL 31.76 -0.91 -2.79% EDITOR'S NOTE For a moment Monday, the S&P 500 turned positive for the year.   The index then pulled back after a big turnaround in technology shares led by Tesla and after California announced it was closing indoor businesses, such as bars and restaurants.    The Nasdaq Composite went from up 2% at its high to close down 2%. Shares of Tesla put on quite a show. The electric automaker's stock soared more than 14% on speculation it would soon be included in the S&P 500. It then fell from there into the red.   Tesla's market value rose to $321 billion, during the run-up, making it the 10th-largest U.S. stock by market value. As usual, Monday's spike came amid a chorus of critics, who worry about profit sustainability and competition.   "The day's of Tesla's virtually unchallenged dominance may be numbered," said Morgan Stanley analyst Adam Jonas.     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  Wall Street rally evaporates, S&P 500 closes lower after briefly turning positive for 2020 Tesla gives up 16% pop to close negative in wild speculative trading Elon Musk is now worth more than Warren Buffett as Tesla stock continues to break records California to close indoor restaurants, movie theaters and bars statewide as coronavirus cases rise Track the latest coronavirus news here Hong Kong Disneyland to close July 15 as coronavirus cases spike Homebuilders just saw the strongest June sales since the last housing boom, as pandemic pushes more buyers to the suburbs Goldman warns of a Democratic sweep, says Biden tax plan could cut S&P 500 earnings by 12% New York & Co. owner RTW Retailwinds files for bankruptcy, to close hundreds of stores Washington's NFL team officially retire name and logo after sponsor backlash     TOP VIDEO New Hampshire is investigating alleged unauthorized trading on a huge scale   CNBC PRO As market wipes out 2020 losses, these stocks are the biggest winners from the March bottom   SPECIAL REPORTS Stocks rally on vaccine hopes — three investors on what's next Carnival stock could rally more, but don't bet on a long-term surge, trader says   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