
September Nasdaq 100 E-Mini futures (NQU24) are trending down -1.04% this morning as Alphabet’s cautious outlook on AI progress and Tesla’s profit miss, coupled with a delay in its Robotaxi event, weighed on sentiment, while investors awaited U.S. business activity data and the next round of corporate earnings reports.
Tesla (TSLA) slumped over -7% in pre-market trading after the electric vehicle giant reported weaker-than-expected Q2 adjusted EPS and postponed its Robotaxi event to October. Also, Alphabet (GOOGL) fell more than -3% in pre-market trading after the tech giant reported higher-than-expected Q2 capital spending, and its chief indicated that patience will be required to see concrete results from artificial intelligence investments.