India, July 23 -- The major U.S. Index futures are currently pointing to a lower open on Thursday, with stocks likely to see further downside after ending yesterday's choppy session in the red.

A negative reaction to earnings news from Alphabet (GOOGL) and Tesla (TSLA) is likely to weigh on Wall Street, with the tech giants seeing significant pre-market weakness.

Shares of Alphabet are tumbling by 5.3 percent in pre-market trading after the Google parent reported better than expected second quarter results but raised its capital spending forecast.

Electric vehicle maker Tesla is also plunging by 7.6 percent in pre-market trading after reporting weaker than expected second quarter earnings along with a surge in capital spending.

The down...