India, July 23 -- After ending yesterday's choppy session in the red, stocks are likely to see further downside in early trading on Thursday. The major index futures are currently pointing to a lower open for the markets, with the S&P 500 futures down by 0.8 percent.

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.

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