Market Volatility: Stocks Dip Amid Mixed Earnings

The US stock market edged lower from its recent record highs on Thursday, weighed down by mixed profit results from companies like Tesla and service industry leader ServiceNow. Despite posting better-than-expected earnings, Tesla shares fell 2.2% as focus shifted to its increased capital expenditure forecast.

Meanwhile, oil prices experienced fluctuations amid heightened US-Iran tensions, marked by military maneuvers in the Strait of Hormuz. The geopolitical environment led to a mix of gains and losses in the energy sector. President Trump confirmed directives for aggressive measures to secure maritime routes.

Globally, European and Asian markets experienced declines, though South Korea's Kospi index gained due to strong economic growth and a surge in AI-related semiconductor demand. Mixed jobless claims figures in the US did little to calm investor nerves, keeping volatility high in financial markets.

(With inputs from agencies.)