Wall Street was largely muted on Thursday, as lackluster earnings from Tesla and IBM cast a shadow over risk appetite, while investors kept a close eye on simmering U.S.-China trade tensions. Tesla's third-quarter profit missed expectations,

Wall Street edges higher on Thursday, as investors assessed Tesla's (TSLA) earnings and the latest U.S.-China tariff updates, and await the September retail inflation numbers slated to come on Friday.

Tesla reported weaker-than-expected third-quarter numbers. Now Wall Street is weighing in. Wednesday evening, Tesla reported an operating profit of about $1.6 billion, down 40% year over year. Wall Street was looking for closer to $1.

Wall Street opened flat on Thursday as lackluster earnings from Tesla and IBM dampened investor mood, while brewing trade tensions between the U.S. and China threatened to deepen the market's unease.

The strongest action was in the oil market, where the price for a barrel of benchmark U.S. crude climbed 4.9% to $61.35. The move came after Trump announced sanctions against Russian oil giants Rosneft and Lukoil, in hopes of convincing Russia’s president, Vladimir Putin, to end the brutal war with Ukraine.

Tesla stock slid after Q3 earnings missed profit estimates despite record revenue, as analysts split on rebound prospects.

Wall Street drifts lower on Wednesday as investors digested Netflix’s (NFLX) latest earnings results and now turn their attention to Tesla’s (TSLA) upcoming report.

Tesla’s stock price fell nearly 4% after trading hours following a third-quarter earnings call where CEO Elon Musk avoided discussing the company’s immediate challenges and instead talked about future robot projects.