The consumer discretionary sector is trading lower in the pre-market session, in line with a broader market downturn. Negative sentiment is being driven by disappointing earnings from key mega-cap tech companies, including consumer discretionary component Tesla (TSLA). Additionally, Alphabet's (GOOGL) increased capital expenditure plans for artificial intelligence are raising concerns about corporate spending. Rising oil prices and geopolitical tensions are also contributing to a risk-off mood among investors.