- A drop in tech behemoths dampened the atmosphere on Thursday, as poor earnings called into question the foundations of the Nasdaq 100's record first half this year.
- The Nasdaq 100 futures sank 0.7%, with Netflix headed for its largest intraday drop since December after missing sales projections and estimating third-quarter revenue that fell short of Wall Street estimates. Tesla also dipped as its second-quarter profit fell, indicating that the electric-vehicle maker's margins are being pressured.
- Traders are putting a stop to a blazing surge that has pushed the tech-heavy Nasdaq 45% higher this year, beating the S&P 500's 19% advance, on optimism about artificial intelligence.
- The Euro Area dodged a winter recession, output stagnated in Q1.
