Wednesday saw a decline in Nasdaq-100 futures as investors were not impressed with the quarterly releases from massive tech firms Alphabet and Tesla.
S&P 500 futures declined 1%, while those linked to the tech-heavy Nasdaq-100 saw a 1.5% decline. Futures for the Dow Jones Industrial Average dropped 190 points, or 0.5%.
In premarket trade, Alphabet, the parent company of Google, saw a more than 4% decline in its shares.
YouTube advertising revenue fell short of the average projection, despite Alphabet reporting a beat on both the top and bottom lines.
As everything was going on, Tesla’s stock fell more than 8% due to lower-than-expected earnings and a 7% reduction in auto sales year over year.
Source (CNBC)