U.S. stocks open sharply lower: Nasdaq down 1.7%, Tesla down about 4%, Blue Owl down approximately 6%

The Dow Industrial Average fell 1.1%, and the S&P 500 Index fell 1.2%. Large technology stocks broadly declined, with Tesla down about 4%; the company’s first-quarter deliveries missed expectations. Alphabet A fell about 2%, and Nvidia fell about 2%. Chinese concept stocks fell broadly, with Alibaba down about 3%. Blue Owl fell about 6%; earlier, the company limited redemption restrictions for two private credit funds to 5%.

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