Nasdaq 100: Alphabet’s Surge Offsets Tesla Slide, While IBM Pulls Dow Jones Lower

Electric vehicle leader Tesla fell 6% after missing expectations on both earnings and revenue lines. The company posted adjusted earnings of 40 cents per share on $22.5 billion in revenue, falling short of the 43 cents and $22.74 billion consensus estimates. Auto revenue declined for the second consecutive quarter, raising concerns about demand in core markets.

IBM’s 6% premarket decline came despite stronger-than-expected overall results and raised free cash flow guidance. The drop appears driven by profit-taking after the stock’s 28% year-to-date rally and disappointing software business margins.

Federal Reserve Meeting Adds Political Uncertainty to Market Mix

President Trump’s scheduled visit to the Federal Reserve Thursday marks the first official presidential trip to the central bank in nearly two decades. The unprecedented meeting escalates Trump’s public pressure campaign against Chairman Jerome Powell, potentially introducing new political risk factors for monetary policy expectations.

Initial jobless claims provided a supportive backdrop, falling to 217,000 for the week ending July 19, well below the 227,000 consensus forecast. The labor market data reinforces expectations for continued economic resilience.