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Barchart
Barchart
Oleksandr Pylypenko

Stock Index Futures Move Lower Ahead of Big Tech Earnings

June S&P 500 futures (ESM23) are down -0.49%, and June Nasdaq 100 E-Mini futures (NQM23) are down -0.52% this morning after three major U.S. benchmark indices ended the regular trading session in a mixed fashion as investors braced for quarterly reports from heavyweight names and a deluge of crucial economic data.

In Monday’s trading session, the benchmark S&P 500 and the blue-chip Dow closed slightly higher, while the tech-heavy Nasdaq 100 underperformed, weighed down by a drop in shares of some Chinese tech companies and a more than -1% fall in shares of Tesla Inc (TSLA) after the automaker raised its 2023 capital expenditure forecast to $7 billion-$9 billion, up from a January forecast of $6 billion-$8 billion.

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