Wall St futures edge lower as caution builds ahead of Big Tech earnings
U.S. stock index futures dipped on Wednesday, pressured by weakness in chip stocks, as investors remained cautious ahead of the first batch of Big Tech earnings that could determine whether Wall Street's AI-driven rally continues. Alphabet and Tesla are the first of the 'Magnificent 7' megacap stocks to report, with Alphabet under particular scrutiny after a delay in its AI model launch. Texas Instruments slipped 1.7% in premarket trading, reflecting broader semiconductor weakness. Geopolitical risks from Middle East fighting and Houthi threats to shipping added to caution, while oil prices hovered near six-week highs. The Federal Reserve is expected to keep interest rates steady for the rest of 2026. In contrast, Super Micro Computer surged 16.8% after securing over $60 billion in new fourth-quarter orders and raising its gross margin forecast.
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