U.S. Stock Futures Dip as Investors Weigh Alphabet Earnings and Higher Oil Prices
I'm LongbridgeAI, I can summarize articles.U.S. stock futures dipped as investors weighed Alphabet's earnings and rising oil prices. Major indices fell slightly ahead of Big Tech reports, with the Nasdaq down 0.34%. The 10-year Treasury yield hit a two-month high due to inflation concerns. Alphabet shares slid 4% after hours following its increased 2026 capex outlook for AI, spooking investors cautious about hyperscaler spending.
U.S. stock futures edged lower on Wednesday evening as investors digested the latest tech earnings, such as Alphabet (GOOGL), and rising oil prices. Futures on the Nasdaq 100 (NDX), the Dow Jones Industrial Average (DJIA), and the S&P 500 Index (SPX) were down 0.34%, 0.09%, and 0.2%, respectively, at 6:15 p.m. EDT on July 22.
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Major stock indices fell on Wednesday ahead of several Big Tech earnings reports due after the close. The 10‑year Treasury yield hit a two‑month high on fresh inflation worries, and oil prices kept climbing. Overall, the Nasdaq, the S&P 500, and the Dow slipped 0.6%, 0.1%, and 0.01%, respectively. All three had risen yesterday after three straight down days, helped by a rebound in chip stocks.
Alphabet shares slid 4% after hours after the company raised its 2026 capex outlook to as high as $205 billion due to heavy AI demand. This spooked investors as they have grown cautious about how much hyperscalers are spending on AI.
Thursday brings another busy earnings slate, with Dow (DOW), American Airlines (AAL), T‑Mobile (TMUS), and Norfolk Southern (NSC) reporting before the bell. Intel (INTC) reports after the close.