Stock futures were sliding on Thursday as oil prices neared $100 a barrel, fueling fears that a flare-up in inflation will strengthen the case for the Federal Reserve to raise interest rates.
These stocks were making moves ahead of the opening bell:
Alphabet fell 4% after the Google parent beat analysts' second-quarter earnings target, but raised its forecast for capital expenditures once again as it plows money into artificial intelligence.
Tesla dropped 5.7% after the electric-vehicle manufacturer missed expectations for second-quarter earnings, even as deliveries jumped 25% from a year ago.
Texas Instruments declined 4.8% despite near-perfect results for the second quarter. The reaction may reflect investors' elevated expectations following a historic run for chip makers.
IBM slipped 0.2% after its second-quarter revenue missed expectations. Investors already had an idea what the numbers would look like, as a second-quarter earnings last week sparked a 25% slump in shares.
ServiceNow jumped 7.7% after the software company beat analysts' forecast for second-quarter earnings, helping ease fears about how artificial intelligence is disrupting its business model.
Nestlé tumbled 6.9% after the world's largest food company said it would sell half its water business to a private equity group, but reported a drop in profit for the first half of 2026 due to higher restructuring costs.
Comcast climbed 3.3% after the cable and entertainment company beat analysts' second-quarter earnings and revenue targets, even as its all-important broadband business bled more subscribers.
Write to George Glover at george.glover@dowjones.com
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(END) Dow Jones Newswires
July 23, 2026 07:16 ET (11:16 GMT)
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