U.S. stock futures are pointing lower as investors eye corporate earnings after a two-day markets rally; Google parent Alphabet (GOOGL) is set to report highly anticipated quarterly results after the close; IBM (IBM) shares are plunging in premarket trading as its CEO warns clients may take a "wait-and-see approach"; Tesla (TSLA)'s EU sales sink for a third straight month; and PepsiCo (PEP) lowers itꦐs full-year profit outlook. Here's what investors need to know today.

1. US Stock Futurღes Point Lower After Two-Session 𒅌Rally

U.S. stock futures are pointing lower following a 澳洲幸运5开奖号码历史查询:two-day winning streak on optimism over President Donald Trump's stances on the Federal Reserve Chair Jerome Powell and China tariffs. 澳洲幸运5开奖号码历史查询:Dow Jones Industrial Average futures are 0.5% lower after the blue chip index gained 1.1% in the prior session, while Nasdaq and 澳洲幸运5开奖号码历史查询:S&P 500 futures are down by smaller percentages. Bitcoin (BTCUSD) is dipping to around $92,50﷽0. Gold and oil futures are rising. Yields on the 10-year Treasury note are falling below 4.35%.

2. Alphabet to Report Results After Bell

Alphabet (GOOGL) shares are little changed in premarket trading ahead of the Google parent's highly anticipated 澳洲幸运5开奖号码历史查询:first-quarter report after markets close today. Alphabet is expected to report an 11% year-over-year increase in revenue with earnings per share rising to $2.01. Analysts are largely bullish on the tech giant's ability to weather 澳洲幸运5开奖号码历史查询:economic uncertainty. The search firm shares have lost about 18% of ꦬtheir value so far this year.

3. IBM Stock Drops on CEO Warning About Clients

IBM (IBM) shares are sinking 7% after a warning by its chief executive despite the firm's stronger-than-expected quarterly results. "In the near term, uncertainty may cause clients to pause and take a wait-and-see approach," IBM CEO Arvind Krishna said, according to a transcript provided by AlphaSense. Krishna added that IBM hasn't yet seen any "material change in client buying behavior." In its first-quarter report, the company reported adjusted EPS of $1.60 on revenue of $14.51 billion, both above Visible Alpha consensus.

4. Tesla Again Posts Weak EU Sales

Tesla's (TSLA) sales in the 澳洲幸运5开奖号码历史查询:European Union (EU) have plummeted for a 澳洲幸运5开奖号码历史查询:third straight month. According to the European Automobile Manufacturers' Association, Tesla's EU new car registrations, which serve as a proxy for sales, plunged 36% year-over-year in March and have dropped 45% so far this year. They had 澳洲幸运5开奖号码历史查询:plummeted 47% in Feb🌳ruary following a 50% drop in January. Meanwhile, battery-electric vehicle (BEV) registrations in the bloc jumped nearly 17% overall in March. Tesla🧸 stock is edging lower in premarket trading.

5. PepsiCo Lowers Full-Year Profit Outlook Amid Tariff Cost Concerns♋

Food and snack giant PepsiCo (PEP) 澳洲幸运5开奖号码历史查询:lowered its full-year earnings ♑outlook on concerns over tariffs. The company projected that core 澳洲幸运5开奖号码历史查询:earnings per share (EPS) would be roughly flat throughout the year, down from its prior outlook of a mid-singl🐻e-digit increase. PepsiCo cited "expected higher supply chain costs related to tariffs, elevated macroeconomic volatility, and a subdued consumer backdrop" as reasons for the outlook cut. PepsiCo's sales of $17.92 billion came in ahead of analysts' estimates but its core EPS of $1.48 was short of projections. Shares are little changed in premarket trading.