Tech Giants Stumble, Oil Surges on Geopolitical Jitters

1. Alphabet shares fell about 5% premarket after the EU fined Google €8.9 billion and the company increased its capital expenditure forecast.
2. Tesla reported a Q2 earnings miss and its first negative free cash flow in over two years, causing its shares to drop 4.4% premarket.
3. Brent crude prices surged over 5% to $98.91/bbl, the highest since June 3, contributing to American Airlines' lower earnings outlook.