US Futures Slip Ahead of More Earnings
2026-07-22 23:26
By
Joshua Ferrer
1 min. read
US stock futures slipped on Thursday as investors weighed earnings from major technology companies for signs that heavy AI spending is translating into stronger growth.
Alphabet fell nearly 5% in extended trading after raising its full-year capital expenditure forecast despite better-than-expected cloud revenue, while Tesla missed earnings estimates and IBM lowered its annual sales outlook.
Rising oil prices are also in focus, as escalating Middle East tensions and fading hopes for US-Iran peace talks fueled supply concerns.
During Wednesday's regular session, the S&P 500 shed 0.1%, the Nasdaq 100 lost 0.5%, and the Dow Jones inched down.
Software stocks led the decline, while most chipmakers rebounded and financials traded mixed.
Markets now await earnings from Microsoft, Meta, and Amazon for further evidence that massive AI investments are beginning to deliver returns.