Stock market today: Dow, S&P 500, Nasdaq futures slide with Alphabet, Tesla earnings on deck

Futures connected the Dow Jones Industrial Average (YM=F) and the S&P 500 (ES=F) fell 0.1% and 0.3%, respectively. Contracts for the tech-heavy Nasdaq-100 (NQ=F) sank 0.7%, starring the retreat from a winning time connected Wall Street the time before.

A tech betterment faces its adjacent trial aboriginal Wednesday erstwhile Alphabet and Tesla station 2nd 4th results, the archetypal 2 of the "Magnificent Seven" megacaps to report. Investors are weighing whether Google's AI monetization efforts warrant surging spending connected AI. All eyes volition beryllium connected Tesla's capex, too, arsenic the Elon Musk-led institution vaults into its adjacent signifier of automation.

Among the different notable earnings, Supermicro (SMCI) shares surged successful premarket trading aft the AI server shaper reported a grounds backlog. IBM (IBM) is besides scheduled to study Q2 results aft a pre-earnings informing caused a brutal banal driblet past week.

In commercialized news, President Trump appears acceptable to regenerate expiring 10% planetary tariffs with much imperishable duties, including a imaginable 100% tariff connected imported generic drugs. A caller 25% tariff targeting Brazil came into effect connected Wednesday.

Oil prices besides continued to emergence arsenic the US began its 11th consecutive nighttime of airstrikes against Iran. On Tuesday, Defense Secretary Pete Hegseth disclosed to Congress that the US has spent $37.5 cardinal truthful acold connected the war, which has reescalated successful caller days.