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Wall Street dips as Tesla falls, investors focus on jobs data


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Published in Stocks and Investing on by Reuters   Print publication without navigation

U.S. stocks dipped on Thursday, dragged down by Tesla's shares, while investors looked ahead to the monthly jobs report to gauge the health of the labor market amid concerns of an economic slowdown on the back of the U.S. tariff war. Chinese President Xi Jinping held talks with U.S. President Donald Trump by phone, China's state-run news agency Xinhua reported, as bilateral relations have been strained by trade disputes. Weaker-than-expected U.S. private payrolls and services sector data on Wedn

Wall Street futures showed a muted response as investors awaited key inflation data, with the market also reacting to mixed bank earnings and concerns over potential Federal Reserve interest rate hikes. The article highlights that major banks like JPMorgan Chase, Wells Fargo, and Citigroup reported earnings that surpassed expectations, yet their stocks experienced varied responses due to worries about future economic conditions and the impact of rising rates. Additionally, the market is closely watching the upcoming consumer price index (CPI) report, which could influence the Fed's decision on rate hikes, with investors particularly concerned about persistent inflation and its effects on economic growth and corporate profits.

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