dpA trader works at the New York Stock Exchange on Oct. 21, 2026.
NYSE
U.S. equity futures slid early Thursday after investors digested third-quarter earnings from Big Tech names including Meta Platforms and Tesla.
S&P 500 futures fell 1.02%, and Nasdaq-100 futures dropped 1.8%. Dow Jones Industrial Average futures ticked down 0.66%.
Markets traded lower globally as oil prices climbed and investors assessed a slew of earnings.
Shares of Meta gained 0.74% in premarket trading. The Facebook and Instagram parent delivered a revenue beat on Wednesday along with strong guidance for the current quarter. Meanwhile, Tesla reported a better-than-expected top and bottom line for its third-quarter results. Shares of the electric vehicle maker were 4.59% lower in premarket.
“The quarter showed the AI investment paying off in the core,” said Dan Ives, partner and senior managing director at Yorkville Ives in his post Meta earnings reaction note. Spend is “better controlled than feared,” Ives added as Meta narrowed the range for its full-year data center-related capital expenditures.
The action follows a positive day on Wall Street, with the S&P 500 notching a three-day win streak, while the Dow jumped 360 points. The Nasdaq Composite closed 1% higher, catching a tailwind from SpaceX and Tesla.
Blowout quarterly results from SpaceX fueled investors’ excitement for the artificial intelligence trade, sending shares of Micron Technology and Advanced Micro Devices higher. Also fanning the flames was news from Super Micro Computer, which lifted its fiscal first-quarter revenue outlook.
There was also some focus on Nvidia’s U.S. supply chain agreements Wednesday. The chip giant announced plans to expand global manufacturing capacity to meet growing demand for its accelerated computing and full-stack AI factory platform.
Looking ahead to Thursday, there are a host of companies on deck to report results including Procter & Gamble, Lockheed Martin, Valero Energy and Honeywell.
Investors will also be paying attention to the economic calendar with weekly initial jobless claims set to release Thursday morning.
Europe’s Stoxx 600 index was down 1% in morning deals, while France’s CAC 40 index fell 1.34%.
South Korea’s Kospi fell more than 1%, while Japan’s Nikkei 225 declined 0.73%. Hong Kong’s Hang Seng Index was down more than 2%. Mainland China’s CSI 300 was down 0.37%.
