The back-and-forth motion in the market continues, with the index futures pointing to a lower opening on Thursday. Meta Platforms, Inc.'s (NASDAQ:META) lukewarm second-quarter revenue guidance and commentary regarding investment punctured the stock, while International Business Machines Corp. (NYSE:IBM) also fell on earnings. The tech space could come under pressure as traders digest these disappointments.

More tech earnings are on tap on Thursday, led by AI stalwart Microsoft Corp. (NASDAQ:MSFT) and Alphabet, Inc. (NASDAQ:GOOGL) (NASDAQ:GOOG)

Also weighing down on sentiment would be apprehensions regarding two key data due for the week...