Stock futures slip as investors eye more earnings; Alphabet falls on higher capex outlook: Live updates - CNBC
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- Alphabet (GOOGL) reported Q2 revenue that beat expectations, but its stock sank after the company announced a higher 2026 capital expenditure outlook, according to CNBC's earnings takeaways.
- U.S. stock futures slipped ahead of more technology earnings, with rising oil prices compounding pressure on Wall Street indexes the same session per Bloomberg and Reuters coverage.
Why it matters: Alphabet raised its 2026 capex outlook even while delivering a Q2 revenue beat, yet the stock still fell—showing Wall Street treats aggressive spending commitments as a near-term drag regardless of top-line strength. Investors now have a fresh reference point for how much balance-sheet expansion a Big Tech name can justify in a single quarter.
