The broader US stock indices are trading lower on the day with clearly defined support resistance levels. In the video above I take a look at the NASDAQ and the S&P indices, outline the short-term support resistance levels at the market traders are following, and the implications for the next breaks. Will the buyers keep hope alive for a bounce, or wil lthe sellers continue to hold the stronger had and take evenmore control from a break lower? Of course, there are also a slew of earnings after the close today, with the reports most likely to move markets highlighted below.Mega Cap Microsoft (MSFT)Focus will be on Azure cloud growth, AI-related spending, Copilot adoption, and capital expenditures.Investors will be looking for reassurance that AI investments are translating into accelerating revenue growth.This is arguably the single most important report of the day. Meta Platforms (META)Key metrics include advertising revenue, user engagement, AI monetization, and guidance.Investors also want updates on AI infrastructure spending and whether margins can remain strong despite elevated capex.Together with Microsoft, Meta's results could set the tone for Thursday's market. Qualcomm (QCOM)Looking for trends in smartphone demand, automotive chips, and AI-enabled devices.Guidance will be especially important given the recent weakness in semiconductor stocks.Arm Holdings (ARM)Investors want evidence that AI-related chip licensing remains strong.Outlook for royalties and future licensing activity will likely drive the stock more than the quarter itself.Lam Research (LRCX)A key read on semiconductor equipment spending.Commentary on foundry and memory customer demand will be watched closely after recent AI-related volatility. ConsumersStarbucks (SBUX)Investors are looking for signs that North American traffic is stabilizing.China sales remain a major focus.Management commentary on consumer spending trends will be important.Chipotle Mexican Grill (CMG)Comparable-store sales and customer traffic are the key metrics.Investors will also watch for margin trends and the impact of food costs.Financials Robinhood (HOOD)Trading activity, crypto revenue, options volumes, and asset growth will be in focus.Any update on retail trading activity could move not only Robinhood but also the broader fintech sector. This article was written by Greg Michalowski at investinglive.com.