US stocks mixed as investors weigh batch of corporate earnings alongside labor market and manufacturing data

• US stocks were mixed Thursday after the S&P 500 lost ground in the previous session.
• Tesla shares fell after a downbeat outlook from the EV maker.

US stocks were mixed Thursday as investors sifted through quarterly earnings reports, including from electric vehicle maker Tesla, and assessed mixed readings from the jobs and factory fronts.

The S&P 500 and the Nasdaq Composite edged down. Tesla shares were under pressure after the company posted record third-quarter revenue but cut its vehicle delivery target. Meanwhile, CEO Elon Musk said Tesla should be worth more than Apple and Saudi Aramco combined.

But tech advancers after earnings included AT&T and IBM.

Before the trading session got underway, Liz Truss resigned as the UK's prime minister after just six weeks, during which financial markets were rocked by her government's budget plans. The pound remained higher against the dollar after her statement at Downing Street.

Here's where US indexes stood at the 9:30 a.m. opening bell on Thursday:

• S&P 500: 3,691.09, down 0.11%

• Dow Jones Industrial Average: 30,473.05, up 0.16% (49.24 points)

• Nasdaq Composite: 10,665.52, down 0.14%

Investors also received economic updates, with weekly jobless claims unexpectedly falling to 214,000, compared with an Econoday estimate of 235,000. Meanwhile, manufacturing activity in the Philadelphia area contracted in October by more than anticipated.

"Jobless claims once again surprise to the downside as the labor market remains resilient despite a rising rate environment. While it may not be enough to shift investors' focus off earnings, strong jobs data and hot inflation readings in the coming weeks will only increase expectations of 75 basis point hikes by the Fed to end the year," Mike Loewengart, head of the model portfolio construction at Morgan Stanley Global Investment Office, in a note.

Here's what else is happening today:

• The Japanese yen fell against the dollar, leaving the greenback buying ¥150 for the first time in 32 years. The move sets the stage for Japanese officials to intervene in the currency market again.
• Russian President Vladimir Putin is enlisting Turkey's help to sell fuel to Europe after his plans to directly sell natural gas to the continent were rebuffed.
• Elon Musk said Tesla could become more valuable than the world's two largest companies — Apple and Saudi Aramco.

In commodities, bonds and crypto:

• West Texas Intermediate crude added on 2.1% to trade at $87.37 per barrel. Brent crude, the international benchmark, rose 1.6% at $93.88.
• Gold rose 0.5% to $1,641.80 per ounce.
• The 10-year Treasury yield was steady around 4.14%.
• Bitcoin slipped 0.1% to $19,169.04.