Global equities exhibited mixed performance over the past 24 hours, with notable divergences across regions following key earnings reports from Alphabet and Tesla, according to Deutsche Bank strategists [1]. In the United States, the S&P 500 declined by -0.14%, reflecting a more negative tone, while US equity futures continued to weaken after the market close, influenced by the latest earnings releases from Alphabet and Tesla [1].
In contrast, Asian markets saw gains, with the KOSPI rising by +3.98%, the Hang Seng advancing +1.34%, and the Nikkei up +0.52%. However, mainland Chinese indices underperformed, as the CSI 300 fell -0.20% and the Shanghai Composite declined -0.19% [1]. European equities also posted solid gains, led by the STOXX 600, which increased by +0.58% [1].
Alphabet reported a strong earnings and revenue beat, highlighted by 82% year-over-year growth in cloud revenue for Q2 ($24.8 billion versus $22.5 billion estimated). Despite this, Alphabet shares dropped over -3% in after-hours trading after the company raised its 2026 capital expenditure plan to a range of $195-205 billion, compared to the previous estimate of $186 billion [1]. Tesla's shares fell by over -4% after-hours, as the company reported its first negative quarter of free cash flows in more than two years. This was attributed to a 47% year-over-year surge in operating costs, which outweighed solid auto sales [1]. As a result, S&P 500 futures were down another -0.13% in the morning [1].
CONCLUSION
The latest earnings from Alphabet and Tesla have weighed on US equity sentiment, leading to declines in the S&P 500 and futures, despite strong performances in other global markets. Increased capital expenditure guidance from Alphabet and rising costs at Tesla have raised investor concerns, contributing to the mixed global equity landscape.