US stocks traded lower as Nasdaq fell 400 points, with Dow down 0.95%, S&P 500 down 0.86%. Industrials up 2.2%, communication services down 4.4%. Tesla shares down 12% after mixed Q2 results.

U.S. stock futures declined on Wednesday, as the Dow Jones, Nasdaq 100, and S&P 500 indices fell, following Tuesday's higher close.

U.S. markets opened mixed as Nasdaq and S&P 500 slipped on chip stock weakness, while Dow edged higher. Investors remained cautious ahead of key Big Tech earnings, with focus on…