U.S. stocks looked set to slip on Thursday as investors weighed up a deluge of earnings from companies including Google owner Alphabet and electric car maker Tesla.
Futures tracking the Dow Jones Industrial Average tumbled 145 points, or 0.3%, a day after the blue-chip index closed just shy of a record. S&P 500 futures were flat, and contracts tied to the tech-heavy Nasdaq 100 climbed 0.2%.
The Dow’s slide was largely explained by a big drop in one of its 30 constituents, IBM. Shares were down 5% in after-hours trading after the company posted its quarterly earnings. While the results topped analysts’ expectations, many investors felt the stock was due a pullback.