US markets open Tuesday with one big story still unfinished, and a fresh catalyst landing tonight.
Alphabet, Google's parent, just posted its worst day in over a year. GOOGL closed down about 5% on Monday, falling as much as 7% intraday.
The trigger was not earnings. It was people. Two top AI researchers left for rivals in a single week, wiping out roughly $250 billion in market value in one session.
Tonight, attention shifts to FedEx. The logistics giant reports quarterly results after the closing bell, its first major test since the FedEx Freight spin-off.
| Stock | Movement | What to Watch |
|---|---|---|
| GOOGL | Closed ~-5% Monday | Whether the AI-talent selloff extends or bounces |
| GOOG | Closed ~-5% Monday | Alphabet's non-voting share class, tracks GOOGL |
| FDX | Reports after tonight's close | First print since the FedEx Freight spin-off; ~$5.91 EPS and ~$24.18B revenue expected |
FedEx (FDX) reports fiscal fourth-quarter 2026 results after the close. Consensus sees EPS near $5.91 and revenue around $24.18 billion, up almost 9% from a year ago.
This is the first report after the FedEx Freight spin-off completed on June 1. Investors will focus on the post-separation margin profile and the outlook for fiscal 2027. Commentary on the Amazon delivery deal is also in focus.
Alphabet (GOOGL) stays in the spotlight. Noam Shazeer, a Gemini co-lead, left for OpenAI. John Jumper, who led the AlphaFold team and shared a Nobel Prize, joined Anthropic. The market worries Google's AI edge is walking out the door.
The pressure on Alphabet spread to other big tech names on Monday. Amazon fell about 4.8%, Microsoft about 3%, and Meta about 2.3%.
Watch whether that mood carries into the open, or whether mega-cap tech tries to bounce. GOOGL's direction early in the session will give the first read on risk appetite tonight.
Oil eased, with WTI near $74 a barrel, after the US and Iran agreed on a roadmap toward a peace deal within 60 days. That cools geopolitical risk and weighs on energy names.
Tonight's Google story is not about numbers. It is about conviction. The question is whether losing two marquee names truly erodes Alphabet's AI lead, or whether this is a short-term overreaction.
FedEx offers a cleaner fundamental test. Tonight's report shows whether the efficiency push and spin-off are starting to pay off. If you are tracking these two stocks, tonight is a night to watch, not to panic. What stocks are you watching tonight?
Track GOOGL, GOOG, and FDX tonight straight from the app. Check watchlist on Gotrade by clicking the button bellow.
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