Tesla Inc TSLA.O plunged 11.4%, weighing down the consumer discretionary sector .SPLRCD and extending losses after Chief Executive Elon Musk's Twitter poll proposing to sell a tenth of his holdings garnered a 57.9% vote in favor of the sale. "It's a risk-off day," said Jay Hatfield, CEO and portfolio manager at InfraCap Advisors in New York. The Labor Department's producer prices (PPI) report showed inflation continues to gather heat as ongoing goods and labor supply challenges send price growth further beyond the U.S. Federal Reserve's average annual 2% inflation target.