Woofun AI data shows that major US stock indexes opened in negative territory, with the Dow Jones Industrial Average declining 0.92%, the S&P 500 dropping 1.12%, and the Nasdaq Composite falling 1.75%.

Tesla shares plunged approximately 9% after quarterly profits missed expectations and free cash flow turned negative for the first time in over two years.

Meanwhile, Alphabet fell about 6% following a raised full-year capital expenditure forecast and warnings of persistent cash flow pressures.