Rising crude prices and disappointing earnings from Alphabet and Tesla weigh on U.S. stock futures ahead of market open.
Dow Jones, S&P 500, and Nasdaq futures declined in early trading Thursday as oil prices surged past $90 a barrel. Alphabet and Tesla shares fell sharply after earnings reports revealed heavy capital spending and negative cash flow, unsettling investors.
The broader market retreated Wednesday, with small-cap stocks leading losses as Treasury yields and oil prices climbed. Analysts cited concerns over Alphabet’s AI leadership and Tesla’s spending trajectory as key drags on sentiment.
No immediate market reaction data was provided, but futures pointed to a lower open for major indices.