Wall Street drifted modestly lower before the opening bell as uncertainty over global trade seeps into the busiest week of earnings this quarter from major corporations, as well as a raft of economic indicators Futures for the S&P 500 dropped 0.

Stifel analyst Stephen Gangaro recently cut his price target on Tesla (NASDAQ: TSLA) to $450 from $455, maintaining a buy rating on the stock. A price target cut is never great news, but it's not a material reduction,