Dow, S&P 500, Nasdaq Futures Slide Ahead of Alphabet and Tesla Earnings

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U.S. stock futures edged lower on Wednesday as investors awaited second-quarter earnings from Alphabet and Tesla after the market close, while also monitoring fresh tariffs and rising oil prices.

Dow Jones Industrial Average futures slipped 0.1%, S&P 500 futures fell 0.3%, and Nasdaq-100 futures declined 0.7%, leading the retreat after Wall Street's gains in the previous session.

The technology sector faces its next major test as Alphabet and Tesla become the first two of the "Magnificent Seven" companies to report quarterly results.

Investors will be watching whether Google's AI monetization strategy justifies its rising AI spending, while Tesla's capital expenditure plans will be closely scrutinized as the company advances its automation strategy. Yahoo Finance reports.

(All pricing and percent gains are based on Early Pre-Market from 4:00 AM to 7:00 AM ET). Stock Analysis reports.

1) INLF: INLIF Limited
Total gain: +71.30%

2) SXTC: China SXT Pharmaceuticals, Inc.
Total gain: +61.19%

3) ADVB: Advanced Biomed Inc.
Total gain: +27.54%

4) FNWD: Finward Bancorp
Total gain: +20.53%

5) AIRJ: AirJoule Technologies Corporation
Total gain: +16.71%

The closing price of the top three market percent gainers trading near or above $3 on July 21.

(All pricing and percent gains are based on regular market trading hours from 9:30 AM to 4:00 PM ET)
Stock Analysis reports.

1) UTZ: Utz Brands, Inc.
Total gain: +88.72%
The company announced that the companies have entered into a definitive agreement pursuant to which Intersnack Group will acquire all outstanding shares of Class A Common Stock of the Company for $14.25 per share in cash. The price represents a premium of approximately 91% over the July 20, 2026 closing price and an enterprise value of approximately $2.9 billion. Upon closing the transaction, Utz will become a private company with the Rice and Lissette Family Entities (the “Rice and Lissette Family”) and Intersnack Group each owning 50% of Utz. Businesswire reports.

2) NIPG: NIP Group Inc.
Total gain: +58.90%
The company announced that, as previously announced on June 15, 2026, the ratio change of its American depositary shares (the “ADSs”) to Class A Ordinary shares from the current ratio of one (1) ADS representing two (2) Class A ordinary shares to a new ratio of one (1) ADS representing sixty (60) Class A ordinary shares (the “ADS Ratio Change”) will become effective on July 6, 2026, U.S. Eastern Time (the “Effective Date”). Globe Newswire reports.

3) DFNS: T3 Defense Inc.
Total gain: +54.23%
The company announced that its subsidiary, Industrial Techno-Logic Solutions ("ITS"), has designed and delivered a custom composite materials production line to a leading Israeli building materials manufacturer. Globe Newswire reports.

(Estimate and Actual numbers represent Earnings Per Share in US Dollars)

SAN: Banco Santander
Q2 2026
Before Market Open
Estimate: N/A
Actual: 0.290

NHYDY: Norsk Hydro
Q2 2026
Before Market Open
Estimate: 0.250
Actual: 0.234

GOOGL: Alphabet
Q2 2026
After Market Close
Estimate: 2.870
Actual: N/A

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