US Stocks Expected To Open In Red As Investors Eye Tesla Earnings: Gold Surges, Crude Slips As Analysts Predict A Stall In Risk Rally

A risk-off mood persists on Wall Street as the index futures point to a marginally lower start on Wednesday after the tech-led rebound witnessed in the previous session. Nvidia Corp. (NASDAQ:NVDA) fell in premarket, followed by Apple Inc. (NASDAQ:AAPL) and Tesla Inc. (NASDAQ:TSLA).

Chipmakers and chip designers will also be in focus today. While Taiwan Semiconductor Manufacturing Co. Ltd. (NYSE:TSM) alerted the U.S. about a potential violation of expert rules, Qualcomm Inc. (NASDAQ:QCOM) faces the threat of its chip designing license being canceled by Arm Holdings Plc. (NASDAQ:ARM).

On Wednesday, investors will have Tesla, Boeing Co. (NYSE:BA), AT&T Inc. (NYSE:T), Starbucks Corp. (NASDAQ:SBUX), Spirit Airlines Inc. (NYSE:SAVE), and McDonald's Corp. (NYSE:MCD) on their radar.

Futures

Performance (+/-)

Nasdaq 100

-0.30%

S&P 500

-0.18%

Dow Jones

-0.40%

R2K

-0.30%

In premarket trading on Monday, the SPDR S&P 500 ETF Trust (NYSE:SPY) fell 0.21% to $582.10 and the Invesco QQQ ETF (NASDAQ:QQQ) declined 0.22% to $494.34, according to Benzinga Pro data.

Cues From Last Session:

Investors remained cautious, with most sectors on the S&P 500 index closing the day in the red. However, consumer staples and communication services stocks beat the overall trend to ...