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US stock futures drop as Alphabet, Tesla earnings underwhelm

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US stock futures drop as Alphabet, Tesla earnings underwhelm

Investing.com-- U.S. stock index futures fell in evening deals on Tuesday, with technology stocks seeing renewed weakness after underwhelming second-quarter earnings from heavyweights Alphabet and Tesla.

Costs during the quarter rose sharply on increased expenditure on artificial intelligence and robotaxis, although the latter’s reveal was delayed to October from August.) fell 2.2% after the bell, even as its second-quarter earnings beat expectations on increased advertising sales and strong demand for its cloud services.

Losses in Alphabet and Tesla spooked the broader tech sector, which was already nursing steep losses over the past week.Wall Street indexes ended a touch lower on Tuesday amid caution over major tech earnings, while investors also grappled with uncertainty over the presidential race.

 

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