Stock market struggles as earnings recession looms.
TL;DR Summary
The US stock market indices are mixed as earnings season continues, with some companies posting middling results. Tesla's quarterly results were in line with expectations, but CEO Elon Musk offered a gloomy outlook for the economy. IBM reported better-than-expected earnings but fell short on revenue. Toyota is broadening its electric vehicle slate in China, while Facebook parent Meta and Disney are continuing their rounds of layoffs.
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