Morning Movers: Tesla, IBM slipping following quarterly reports

Stock futures were modestly lower as disappointing quarterly results from major tech names weighed on sentiment. Markets look set to open with a muted tone, reflecting a mix of elevated risk and uncertainty.

Oil surged nearly 4% after the U.S. imposed fresh sanctions on Russia’s top oil companies, creating a shockwave across energy markets and raising inflation concerns.

Concurrently, the dollar firmed against major currencies ahead of a delayed U.S. consumer-price report, while the yen weakened to a one-week low amid expectations of Japanese stimulus.

The broader backdrop remains complicated. The U.S. government shutdown has entered its 23rd day, blocking key economic data and depriving the market of clear signals on jobs, inflation and growth.

Technology stocks are under particular pressure as analysts at major banks are now flagging early signals of vulnerability in the space.

In pre-market trading, S&P 500 futures fell 0.19%, Nasdaq futures fell 0.31% and Dow futures fell 0.23%.

Check out this morning’s top movers from around Wall Street, compiled by The Fly.

UP AFTER EARNINGS –

• Dow Inc. (DOW) up 8%
• TransUnion (TRU) up 5%
• Honeywell (HON) up 4%
• American Airlines (AAL) up 4%
• T-Mobile (TMUS) up 1%

DOWN AFTER EARNINGS –

• Tractor Supply (TSCO) down 3%
• Southwest (LUV) down 1%
• Textron (TXT) down 1%
• Hasbro (HAS) down 1%
• Mobileye (MBLY) down 1%
• Blackstone (BX) down 1%
• Union Pacific (UNP) down 1%
• IBM (IBM) down 8%
• Tesla (TSLA) down 4%