* Tesla drops after saying crashed car was on autopilot
* Humana up after report Walmart discussing tie-up,acquisition
* Amazon falls after Trump again targets the online giant
* Indexes down: Dow 0.19 pct, S&P 0.67 pct, Nasdaq 1.18 pct(Changes comment, adds details, updates prices)
By Sruthi Shankar
April 2 (Reuters) - Shares in
All the 11 major S&P sectors were lower, with stocks alsocoming under pressure over renewed fears of a trade war after
Amazon dropped nearly 5 percent after PresidentDonald Trump launched his latest attack over the pricing of theretailer's deliveries through the
Facebook was down 2.6 percent, while the other 'FANG'constituents Netflix, Google-parent Alphabetwere down between 2.5 percent and 4.4 percent. The technologyindex was down 2.7 percent.
Tesla shares shed about 7 percent ahead of theelectric car maker's announcement of quarterly productionnumbers for its crucial Model 3 sedan.
"There's also a kind of negative tone over the market, theS&P is getting crushed," said Ken Polcari, Director of the NYSEfloor division at O'Neil Securities in
"Tesla is a high-flying growth name and growth names aregetting slaughtered in the past month or so. "Makes sense thatthose names will be under more pressure than the broadermarkets."
At 11:50 a.m. EDT the Dow Jones industrial averagewas down 449.49 points, or 1.86 percent, at 23,653.62.
The S&P 500 was down 57.28 points, or 2.17 percent,at 2,583.59, falling below its 200-day moving average for thefirst time since during a market sell-off in early February.
The Nasdaq Composite was down 189.51 points, or 2.68percent, at 6,873.94. The index was down 0.37 percent for theyear.
"What you're seeing in the market is a change in leadership,it happened at the end of last month where you had tech startingto do not so well," said Thomas Martin, senior portfolio managerat Globalt Investments in
"...That's happening again today as market participants arethinking, 'Is this the change in leadership and what should wedo about it?'"
Among the few bright spots, Humana jumped about 5.3percent Reuters reported Walmart was in early-stagetalks with the health insurer about developing closer ties, withacquisition discussed as one possibility.
Walmart fell more than 2 percent. UnitedHealthjumped 2.4 percent, one of only two Dow Industrials tradinghigher in the session.
Declining issues outnumbered advancers on the NYSE by a4.03-to-1 ratio. On the Nasdaq, a 4.17-to-1 ratio favoreddecliners.
The S&P 500 index showed two new 52-week highs and 20 newlows, while the Nasdaq recorded 36 new highs and 120 new lows.(Reporting by Sruthi Shankar in Bengaluru; Editing by SrirajKalluvila)