S&P 500 snaps 8-day win streak | Tesla shares sink | What's next for General Electric?

The S&P 500 took a breath Tuesday, falling for the first time in nine sessions.

VIEW IN BROWSER | SUBSCRIBE TUE, NOV 09, 2021 EVENING BRIEF AS OF TUE, NOV 09, 2021 • 04:47 ET DJIA 36319.98 -0.31% -112.24 S&P 500 4685.25 -0.35% -16.45 NASDAQ 15886.54 -0.60% -95.81   Most Active DOW NAME LAST CHG %CHG AAPL 150.81 +0.37 +0.25% INTC 51.20 -0.35 -0.68% MSFT 335.95 -1.04 -0.31% S&P 500 NAME LAST CHG %CHG F 20.12 -0.03 -0.15% AMD 148.92 -1.24 -0.83% NVDA 306.57 -1.47 -0.48% NASDAQ NAME LAST CHG %CHG AMD 148.92 -1.24 -0.83% NVDA 306.57 -1.47 -0.48% PYPL 205.42 -24.00 -10.46%   EDITOR'S NOTE The S&P 500 took a breath Tuesday, retreating for the first time in nine sessions. All three major stock indexes closed lower after hitting record highs the day prior.   Tesla and PayPal were the major laggards of the S&P 500 and Nasdaq Composite. Tesla's stock pulled back nearly 12%. The sell-off in the stock continued after CEO Elon Musk asked his Twitter followers over the weekend whether he should offload 10% of his holdings. Shares of PayPal tanked about 10.5% after the digital payments company issued weaker-than-expected guidance.    "Tuesday's price action is a reminder of some of the risks associated with index concentration as any market trepidation is being compounded today by underperformance in mega-cap tech, and in particular, TSLA," Goldman Sachs' Chris Hussey said. Even with the S&P 500's slight pullback, the broad equity index is up more than 24% in 2021.   All eyes turn to major economic data with the October price index and weekly jobless claims due Wednesday. The Federal Reserve is monitoring inflation and the labor market as the central bank embarks on reducing its pandemic-era economic aid.    Economists expect the consumer price index to show a 0.6% rise in October, and 5.9% jump on a year-over-year basis, the hottest since 1990.   Tuesday's producer price index came in as expected with a 0.6% month-over-month rise in Ocotber. Still, wholesale prices jumped 8.6% last month from a year ago, the hottest annual pace on record in nearly 11 years. Hannah Miao | CNBC Associate Markets Reporter @HannahMiao_ Watch our live stream for all you need to know to invest smarter. TOP NEWS  S&P 500 dips from record, snaps 8-day win streak ahead of key inflation data GE to break up into 3 companies focusing on aviation, health care and energy Wholesale prices rise 8.6% year over year in October, tied for highest ever Tesla shares drop as sell-off accelerates Tim Cook says he owns cryptocurrency and he's been 'interested in it for a while' Cathie Wood says Zillow's decision to shut iBuying unit could be a warning signal for housing market Biden rolls out multibillion-dollar plan to upgrade aging U.S. ports after passage of infrastructure bill Consumer prices likely surged last month at their fastest pace in about 30 years Trump press secretary Kayleigh McEnany, other White House officials subpoenaed in Jan. 6 House probe PayPal stock is having its worst day in 20 months after a disappointing revenue forecast   TOP VIDEO These stocks will perform well no matter what happens with inflation, says Summit Global's Harden   CNBC PRO These investors got the GE trade right. Here's what they say to do with the stock now   SPECIAL REPORTS Robinhood's data breach involved about 7 million customers. Here's how to protect your credit from fraudsters Personal loans can be used for almost anything — here are expenses they can't cover   Unsubscribe Manage Newsletters Terms of Service Join the CNBC Panel Digital Products Feedback Privacy Policy   © 2021 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