FX.co ★ US Stocks Mixed, Earnings in Focus

On Thursday, the primary US stock indices demonstrated a lack of clear direction amid a fresh influx of corporate earnings reports. Tesla shares experienced a 5% decline following its earnings announcement, which failed to meet expectations as profits dropped by over 25%, despite the achievement of record vehicle deliveries. Similarly, IBM shares fell by 5.2%, failing to meet investor expectations, while T-Mobile witnessed a 2.2% decrease after reporting an earnings shortfall. Union Pacific shares slipped by 0.6% due to revenue figures coming in below expectations, and Blackstone also saw a 1.2% decrease despite an increase in distributable earnings. Conversely, Honeywell shares surged by more than 5% as its sales exceeded estimates. Later today, Intel, which is currently down by 0.6%, is anticipated to release its earnings results after the market closes. Concurrently, traders are assessing the impact of a rise in oil prices following President Trump’s imposition of sanctions on Russia’s leading oil companies, Rosneft and Lukoil. Trade considerations continue to weigh heavily, particularly with reports suggesting that the White House may restrict US software exports to China.