Following a rebound in artificial intelligence-related trades earlier this week, US stock index futures moved lower as market sentiment was weighed down by uneven earnings results from major technology companies.
At the same time, escalating tensions in the Middle East pushed crude oil prices higher.
During early Asian trading hours, Nasdaq 100 futures fell 0.6% and S&P 500 futures dropped 0.4%, as Tesla Inc lowered its capital expenditure guidance.
The automaker's shares declined 3.1% in after-hours trading.
However, Meta Platforms Inc rose 2% in after-hours trading, as the company raised its spending outlook, further betting on artificial intelligence.
Asian equity markets also showed mixed performance, with South Korean stock futures pointing to a modest decline while Japanese stock futures indicated gains.
"It's all about earnings right now," said Matt Orton, chief market strategist at Raymond James Investment Management. "There really is a push-and-pull and tension in the market between the growth prospects of AI-themed stocks and the entire industry's ability to finance itself."
In other markets, West Texas Intermediate crude climbed to nearly $98 per barrel on Wednesday after a volatile $4 swing.
Brent crude broke through $110 per barrel in after-hours settlement trading.
Additionally, US Treasuries also declined during New York trading hours.
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