Stock index futures fall as traders assess tech results

Stock index futures were lower on Thursday as investors digested quarterly results from Tesla (TSLA) and Alphabet (GOOGL).

Dow futures (INDU) -0.36%, S&P 500 futures (SPX) -0.38%, and Nasdaq futures (US100:IND) -0.92%.

Tesla (TSLA) forecast higher revenue, but increased capital spending weighed on free cash flow, sending its shares -4.9% in premarket trading.

Alphabet (GOOG) (GOOGL) was lower as the Google parent beat quarterly revenue and profit estimates, driven by an 82% jump in cloud revenue to $24.8 billion, though softer operating margins tempered investor sentiment.

The 2-year Treasury yield (US2Y) rose 2.4 basis points to 4.33%, the benchmark 10-year Treasury yield (US10Y) rose 1.0 basis point to 4.68%, and the 30-year Treasury yield (US30Y) rose 0.9 basis point to 5.16%.

On the economic calendar, investors will watch the Chicago Fed National Activity Index, weekly initial jobless claims and the Federal Reserve's balance sheet.

Among S&P 500 stocks, United Rentals (URI) +9.66%, ServiceNow (NOW) +4.65%, Charles River Laboratories (CRL) +3.80%, IQVIA (IQV) +3.77%, and CSX (CSX) +3.50%.

Rollins (ROL) -13.99%, Las Vegas Sands (LVS) -4.97%, Tesla (TSLA) -4.08%, Centene (CNC) -3.37%, and Alphabet (GOOGL) -3.31