US Stock Indexes Decline as Tech Stocks Drop After Alphabet Earnings

US stock markets were set to open lower on Thursday, with major indexes including the Nasdaq, S&P 500, and Dow Jones all forecast to decline.

The drop in tech stocks followed earnings results from Alphabet, Google's parent company, which planned to increase spending. This news worried some investors and led to a selloff in major tech companies such as Apple, Microsoft, and Amazon.

Futures trading indicated that the Nasdaq would see a larger fall compared to the S&P 500 and Dow Jones. The S&P 500 futures were down 0.7%, with Nasdaq futures down 1.1%, and Dow Jones futures down 0.4%. Investors were also reacting to higher-than-expected job cuts in the past month.

The indexes are declining because of negative investor reaction to tech earnings, especially Alphabet's increased spending plans, and concerns about more job cuts.

Major tech companies such as Alphabet (Google), Apple, Microsoft, and Amazon are experiencing declines.

It means investors expect those indexes to open lower when the market starts trading.

FXEmpire

US indices look a bit sluggish early on Thursday, as the markets are continuing to navigate the earnings season.

FXEmpire

Major U.S. tech stocks continue to navigate through earnings, as well as the throwing out of AI narratives.

Proactive Investors

US stocks have been called sharply lower on Thursday after jobs cuts in the past month were higher than expected, while Google parent Alphabet is set to lead a further tech decline after its earnings overnight. Futures for the S&P 500 were down 0.7% an hour and a half before the opening bell, with...

Invezz

Nvidia stock traded higher on Thursday, supported by fresh signals of heavy spending on artificial intelligence infrastructure from Google-parent Alphabet, even as much of the broader technology sector came under pressure. At the time of writing, Nvidia shares were up around 0.6%, outperforming majo...

Yahoo Finance

AI concerns have sparked a sell-off in tech and software stocks this week, dragging all three major indexes lower over the past several trading sessions. RBC Capital Markets managing director in software, Rishi Jaluria, sits down with the Asking for a Trend team to discuss why interpreting these AI...

The Motley Fool

It's getting crushed along with many other software stocks. Investors continue to worry that legacy developers will get left behind in the great artificial intelligence race.

Market Watch

Financial-data stocks were big losers as investors worried about the threat AI poses to tools for modeling and analysis.

The Motley Fool

The adoption of AI software solutions should accelerate productivity in the coming years, contributing significantly to the global economy. Investors can capitalize on this trend by buying this high-flying software stock, which reported impressive growth acceleration.

Bloomberg Markets and Finance

Since ChatGPT's debut three years ago, warnings of AI-driven industry disruption have been constant. However, a combination of weak earnings, advancing models, and a new tool from Anthropic recently triggered the biggest stock selloff driven by the fear of AI displacement that markets have seen.

CNBC

Big Tech companies have seen over $1 trillion wiped from their stocks, according to FactSet data. Fears over AI spending sparked the sell-off.

Invezz

US stock index futures steadied on Friday after a bruising selloff in technology shares earlier in the week, offering tentative signs that the worst of the tech-led rout may be easing.

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