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FrontRow · Jul 23, 2026

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U.S. equity futures slipped early Thursday, as oil prices surged amid escalating conflict in the Middle East, while investors weighed quarterly results from two of the largest companies in the world. Futures tied to the Dow Jones Industrial Average lost 154 points, or 0.3%. S&P 500 futures dropped 0.3% along with and Nasdaq 100 futures. Alphabet shares slid 3.9% after the Google parent lifted its forecast for 2026 capital expenditures to as high as $205 billion, pointing to strong artificial intelligence demand. The increase comes as investors have grown more cautious in recent months about hyperscalers’ spending around the AI effort. Tesla tumbled 6% after the electric vehicle maker posted a big earnings miss for the second quarter. The company’s operating expenses also rose faster than revenue during the period.

U.S. equity futures slipped early Thursday, as oil prices surged amid escalating conflict in the Middle East, while investors weighed quarterly results from two of the largest companies in the world. Futures tied to the Dow Jones Industrial Average lost 154 points, or 0.3%. S&P 500 futures dropped 0.3% along with and Nasdaq 100 futures. Alphabet shares slid 3.9% after the Google parent lifted its forecast for 2026 capital expenditures to as high as $205 billion, pointing to strong artificial intelligence demand. The increase comes as investors have grown more cautious in recent months about hyperscalers’ spending around the AI effort. Tesla tumbled 6% after the electric vehicle maker posted a big earnings miss for the second quarter. The company’s operating expenses also rose faster than revenue during the period.

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