US stocks-Wall St futures edge lower as caution builds ahead of Big Tech earnings

SPY•2026-07-22

Premarket movers

Among premarket movers, Super Micro Computer SMCI.O surged 16.8% after the AI server maker said it had secured more than $60 billion in new fourth-quarter orders and now expects gross margin to exceed its previous gross-margin forecast.

Geopolitical risks and rates outlook add to a choppy week

The heavy earnings slate sets markets up for a potentially choppy week, with geopolitical risks adding to the caution.

Fighting in the Middle East remained in focus as threats to shipping by Yemen's Iran-backed Houthi militia, alongside a widening conflict, disrupted two of the world's most important energy chokepoints.

U.S. Secretary of State Marco Rubio said Washington was still willing to negotiate an end to the Iran crisis, but that Tehran was "not serious" about talks.

US stocks-Wall St futures edge lower as caution builds ahead of Big Tech earnings

Premarket movers

Geopolitical risks and rates outlook add to a choppy week

Futures edge lower as chip weakness and earnings caution weigh on sentiment

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