By Shreyashi Sanyal

(Reuters] – U.S. stocks index futures declined on Thursday IBM After their quarter-end results, (NYSE:), and Tesla (NASDAQ) both fell. Investors waited for more information to assess the effects of disruptions in supply chains and shortages of labor on businesses.

Tesla Inc. plunged 1% in premarket trades as Tesla Inc. said Wednesday that it would be facing pressure from supply-chain and factories headwinds. This comes after beating Wall Street estimates for third-quarter revenues.

After the release of its quarterly report, shares in growth peer Netflix Inc (NASDAQ 🙂 fell one day later.

There are also other mega-cap stocks Facebook Inc (NASDAQ :), Apple Inc. (NASDAQ :), and Amazon.com Inc.(NASDAQ 🙂 all fell between 0.1% – 0.3% on Thursday.

IBM’s quarterly revenue missed by market expectations due to a drop in order volume, led to a 4.7% decline.

The growth outlook for companies dealing with rising costs and shortages of labor is being closely monitored by investors. According to Refinitiv data analysts expect profits to grow 33% over a previous year.

On Wednesday, the Average reached an intraday high and the benchmark index was within five points from its September early record.

Data that may show weekly unemployment claims increasing to around 300,000. This is an increase from the 293,000 reported the week before.

6.50 am. ET fell 105 points (or 0.3%) and was down 25.5 point, or 0.17%.

AT&T Inc (NYSE:) rose 1% after the telecom operator’s quarterly revenue and monthly phone bill paying subscriber additions beat market expectations.

Dow Inc. gained 1.1% as it reported a nearly fivefold increase in its third-quarter profits due to the economic recovery which boosted chemicals prices.