The S&P 500 was up, but the Dow inched lower as traders tried to break a three-day losing streak. Tesla stock soared 17% after solid earnings.

U.S. stocks were poised to record their biggest one-day drops in roughly seven weeks on Wednesday, as worries about rising Treasury yields and the potential outcome of the upcoming Nov. 5 presidential election weighed on investors.

Asian stocks were mixed on Wednesday under pressure from a rising U.S. dollar and the uncertainties over the U.S. election. U.S. futures and oil prices fell due to escalating geopolitical tensions after Israel announced that an airstrike outside Beirut earlier this month killed a Hezbollah official who had been expected to succeed the group’s longtime leader after he died in an Israeli strike last month.

U.S. stocks are falling Wednesday as more steam comes out of Wall Street’s huge, record-breaking rally. The S&P 500 was down 1.1% in late trading and heading for its worst drop in six weeks. It’s also on track for its first three-day losing streak since then,

Asia-Pacific markets traded mostly lower on Thursday after the Wall Street plunged the previous day, with 9 out of 11 S&P sectors finished in red. Japan (NKY:IND) +0.02% Japan's flash PMI numbers show fastest output decline in six months.