US stock futures declined on Wednesday as investors awaited earnings from Alphabet and Tesla after the market close. Dow Jones Industrial Average futures fell 0.1%, S&P 500 futures dropped 0.3%, and Nasdaq-100 futures sank 0.7%. Alphabet and Tesla are the first of the 'Magnificent Seven' megacaps to report second quarter results, with focus on AI monetization and capital spending. Separately, President Trump is considering replacing expiring 10% global tariffs with more permanent duties, including a potential 100% tariff on imported generic drugs, while a new 25% tariff on Brazil took effect. Oil prices continued to rise amid ongoing US airstrikes against Iran, with Defense Secretary Pete Hegseth disclosing that the US has spent $37.5 billion on the war so far.
Alphabet Inc Class CEarnings report due after close; focus on AI monetization and capex.
Super Micro Computer Inc
Tesla IncEarnings report due after close; focus on AI monetization and capex.
International Business Machines