Magnificent Seven all drop Big Tech has put markets in a funk. Shares of both Tesla and Google parent Alphabet sold off after disappointing earnings, weighing especially on the tech-heavy Nasdaq.
The Russell 2000 index of small- and midsize companies, meanwhile, continued to outperform its major counterparts.
Results from IBM, Chipotle Mexican Grill and Ford are due after the close.
The three major indexes dropped, extending Tuesday's declines.
All of the Magnificent Seven stocks slipped, led by Tesla.
Benchmark Treasury yields were little changed, having settled Tuesday at 4.24%.