The Dow Jones fell 0.3% at the opening, the S&P 500 fell 0.3%, and the Nasdaq fell 0.4%.

Tesla fell 3.2% with Q1 revenue falling short of expectations, and capital expenditures far exceeding expectations. IBM dropped 7.1% as Q1 revenue growth slowed. Lululemon fell 6.2% after appointing Heidi ONeill as the new CEO. ServiceNow fell 14.9% due to Middle East conflicts affecting subscription revenue. Lockheed Martin dropped 3.5% with Q1 net sales falling short of expectations. Texas Instruments rose 9.6% with Q1 performance exceeding expectations, reaching a new high in stock price. Mobileye, a subsidiary of Intel, rose 13.8% as the company raised its full-year revenue outlook.