Wall St slips on downbeat earnings led by Tesla

Investors are assessing the path for interest rates, and many expect a slowing U.S. economy could lead the Federal Reserve to start cutting rates later this year.

Markets were focused on a bevy of Fed officials speaking at the end of the week ahead of the central bank's meeting early next month, when investors widely expect a 25 basis point hike.more rate hikes are ahead but also said the aggressive move to boost borrowing costs to quash high inflation is nearing its end.rose to the highest level in over a decade as investors fretted about the U.S. government debt ceiling.

Declining issues outnumbered advancing ones on the NYSE by a 1.38-to-1 ratio; on Nasdaq, a 1.48-to-1 ratio favored decliners. The S&P 500 posted 22 new 52-week highs and 3 new lows; the Nasdaq Composite recorded 45 new highs and 113 new lows.

Tesla and Twitter are sinking as fast as his rocket did today. Funny how everything implodes at once!

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S&P 500 ekes out gain, stocks drift as earnings pick upU.S. stocks drifted, closing mostly lower on Tuesday, as investors waited for earnings season to gather more steam. The Dow Jones Industrial Average ended down 10 points, or less than 0.1%, near 33,976:
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Star Entertainment announces 500 job cuts, trims earnings view as conditions worsenAustralia's Star Entertainment Group Ltd on Wednesday announced 500 job cuts and trimmed its annual earnings forecast, sending its shares 11% lower, as regulatory restrictions and weak consumer behaviour dent the casino operator's earnings.
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S&P 500 falls as Morgan Stanley and Netflix decline after earnings: Live updatesS&P 500 opens lower as Morgan Stanley and Netflix decline after earnings: Live updates
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