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Wall Street eases ahead of Tesla print; indices edge lower into heavy earnings slate
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US stocks eased slightly before Tesla’s results, with dispersion across sectors and macro drivers—yields and dollar strength—guiding equity risk premia into the heaviest earnings phase.
US equities slipped modestly with the Dow down about 0.14% and Nasdaq off 0.18% as investors positioned for a dense reporting calendar led by Tesla. Sector dispersion persisted, with defensives relatively firm and rate-sensitives tracking Treasury moves. Liquidity conditions were orderly, though intraday ranges narrowed versus prior sessions. Focus remained on margin commentary, inventory normalization, and demand visibility into holiday quarters. Macro drivers included long-end yield stabilization, dollar firmness, and evolving rate-cut expectations shaping equity risk premia across cyclicals and megacap technology.