Wall St slides after gloomy 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 as the central bank juggles its fight against inflation. Datathe number of Americans filing new claims for unemployment benefits increased moderately last week, suggesting the labor market was gradually slowing.

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. Dallas Fed President Lorie Logan said she is assessing whether the Fed has made enough progress on fighting inflation based on three markers, including "further and sustained" improvement in measures of inflation.

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Wall St slips on downbeat earnings led by TeslaThe S&P 500 edged lower on Thursday after disappointing quarterly reports from companies including Tesla and AT&T, while a drop in bond yields helped mitigate equity declines as investors sought clarity on the path of interest rates. Tesla and Twitter are sinking as fast as his rocket did today. Funny how everything implodes at once!
Source: Reuters - 🏆 2. / 97 Read more »

Wall St slips on downbeat earnings led by Tesla By Reuters*U.S. STOCKS DECLINE ON DOWNBEAT TESLA EARNINGS, RATE JITTERS $DIA $SPY $QQQ 🇺🇸 🇺🇸 uh what? so the entire market is decided on tesla?
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Wall St falls on downbeat earnings, interest rate jittersWall Street's main indexes fell on Thursday as disappointing results from Tesla, AT&T and some regional banks dented investor sentiment already soured by prospects of further U.S. interest rate hikes.
Source: Reuters - 🏆 2. / 97 Read more »