US Futures Retreat Further

2026-07-23 11:41 By Andre Joaquim 1 min. read

Futures tracking US equity indices fell for a second session on Thursday amid a deteriorating macroeconomic backdrop and fresh AI doubt on the latest earnings reports.

Contracts for the S&P 500 and Dow dropped 0.5%, while those for the Nasdaq 100 fell over 1%.

Alphabet dropped 5% premarket after posting its Q2 results overnight.

The Google parent raised its capital expenditure forecast to $205 billion this, double of last year, to reignite concerns of unsustainable spending in AI infrastructure.

Meanwhile, Tesla slipped 6% after reporting lower profits despite a strong period for the overall electric vehicle sector.

Meanwhile, higher fuel prices lifted yields on greater escalation between Iran and the US, driving markets to position for a rate hike by this quarter.

Financials remained under pressure with capital markets firms down.

Among other earnings, Comcast and RTX were both higher topping their estimates.



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