India, Feb. 5 -- After ending the previous session mostly higher, stocks are likely to move back to the downside in early trading on Wednesday. The major index futures are currently pointing to a lower open for the markets, with the S&P 500 futures down by 0.4 percent.
Tech stocks may lead an early pullback on Wall Street amid a negative reaction to earnings news from Alphabet (GOOGL) and Advanced Micro Devices (AMD).
Shares of Alphabet are tumbling by 7.6 percent in pre-market trading after the Google parent reported better than expected fourth quarter earnings but its cloud revenues missed estimates.
Chip maker AMD is also plunging by 9.9 percent in pre-market trading after reporting fourth quarter earnings and revenues that beat estim...