US STOCKS-Wall Street slips from record levels; Tesla drops after fatal car crash

(For a Reuters live blog on U.S., UK and European stock
markets, click LIVE/ or type LIVE/ in a news window.)
* Tesla falls after fatal crash, bitcoin slump
* GameStop shares jump as CEO exits
* VIX spikes to near two-week high
* Coca-Cola rises as revenue beats estimates
* Indexes down: Dow 0.44%, S&P 0.52%, Nasdaq 1.09%

(Adds comment, details; updates prices)
By Shivani Kumaresan and Medha Singh
April 19 (Reuters) - Major U.S. stock indexes fell from
record levels on Monday as investors sought cues from
first-quarter earnings reports to justify the rich valuation of
equities, while Tesla shares fell following a fatal car crash.
The electric-car maker TSLA.O was down 3.5% after a Tesla
vehicle, which was believed to be operating without anyone in
the driver's seat, crashed into a tree on Saturday night north
of Houston, killing two occupants. The stock, which was the biggest drag on the S&P 500 and the
Nasdaq, was also under pressure due to a sharp drop in bitcoin
BTC=BTSP over the weekend.
Coca-Cola Co KO.N rose 1% after the beverage maker
trounced estimates for quarterly profit and revenue, benefiting
from the easing of pandemic curbs and wide vaccine rollouts.

IBM Corp IBM.N , another blue-chip company, slipped about
0.2% ahead of its results after market close.
"The market has had a huge jump to the upside so it needs to
take a little bit of rest," said Peter Cardillo, chief market
economist at Spartan Capital Securities in New York.
"For now it's just a little bit of profit taking as traders
await results from big tech names on Wall Street."
A recent pullback in the benchmark 10-year bond yield
US10YT=RR from 14-month highs has renewed interest in richly
valued technology stocks, while a string of strong economic data
has also helped push the S&P 500 and the Dow to record levels.
The S&P 500 has risen for the past four weeks, its longest
winning streak since August 2020.
About 79 S&P 500 companies are due to report earnings this
week, including Johnson & Johnson JNJ.N , Netflix Inc NFLX.O ,
Intel Corp INTC.O , Honeywell HON.N and Schlumberger SLB.N ,
according to Refinitiv IBES data.
Analysts now expect first-quarter earnings for S&P 500 firms
to rise 25% from last year.
Nine of the 11 major S&P sectors dropped, while the
defensive consumer staples .SPLRCS and real estate .SPLRCR
were in positive territory.
At 11:37 a.m. EDT the Dow Jones Industrial Average .DJI
fell 149.99 points, or 0.44% , to 34,051.05, the S&P 500 .SPX
lost 21.88 points, or 0.52 %, to 4,163.59 and the Nasdaq
Composite .IXIC lost 153.28 points, or 1.09 %, to 13,899.06.
GameStop Corp GME.N jumped 6.7% on the announcement of its
CEO's resignation. Crypto stocks including miners Riot Blockchain RIOT.O and
Marathon Digital MARA.O slumped about 11% each as bitcoin took
a hammering. Harley-Davidson HOG.N jumped 12% after the motorcycle
maker raised it full-year forecast for sales growth.
Declining issues outnumbered advancers by a 2.2-to-1 ratio
on the NYSE by a 3.9-to-1 ratio on the Nasdaq.
The S&P 500 posted 56 new 52-week highs and no new lows
while the Nasdaq recorded 128 new highs and 87 new lows.