(Reuters) – U.S. stock futures fell on Tuesday as investors waited for confirmation that earnings from Big Tech companies will support a market concerned about rising inflation and slower global growth.

Wall Street’s major indexes plunged sharply Monday, before Elon Musk (NASDAQ:) Inc Chief bought Twitter (NYSE:) at $44 billion prompted a rally in Nasdaq.

Twitter posted 0.5% more premarket trading gains than the session before, and Tesla saw its shares rise.

While there were some positive signs among the companies reporting earnings, overall sentiment was gloomy as global growth worries stoked China’s COVID-19 curbs and the Ukraine war sapped risk appetite.

According to Ukraine’s state-run nuclear energy company, Russian missiles flew low over Europe’s largest nuclear power plant in south Ukraine. This was in response to warnings from Russia that an invasion by Russia could result.

At 07.13 a.m. ET were down by 149 points or 0.4% and 19 points or 0.44% respectively. They were also down 69.25 point, or 0.51%.

Alphabet Inc. and nearly a third are among the expected companies to report on the this week. Microsoft Corp (NASDAQ) Publishing results on Tuesday after the close of business.

This year, the market’s top growth stocks are being slashed by investors who fear that rising interest rates will reduce their future earnings. China’s Lockdown and Hawkish Turning of major Central Banks have overshadowed an otherwise positive earnings season.

Of the 102 companies in the S&P 500 that reported earnings through Monday, 77.5% topped analysts’ profit expectations, according to Refinitiv data. In a typical quarter, 66% beat estimates.

United Parcel Service Inc (NYSE 🙂 gained 1.9% following a quarterly increase in adjusted profit. Meanwhile, industrial giant 3M Co was up 0.9% after surpassing profit expectations.

General Electric The stock exchange: Co dropped 3.5% following its forecast of full-year earnings that was at the low end in its prior estimate. This is due to persistent supply chain disruptions, rising freight costs and increasing raw material prices taking a toll.

Later in the day, data on durable goods orders and consumer confidence for April will be available.