A trader works at the New York Stock Exchange on Oct. 21, 2026.<\/p>\n
NYSE<\/p>\n
U.S. equity futures slid early Thursday after investors digested third-quarter earnings from Big Tech names including Meta Platforms and Tesla.<\/p>\n
S&P 500 futures<\/a> fell 0.66%, and Nasdaq-100 futures<\/a> dropped 1.32%. Dow Jones Industrial Average futures<\/a> ticked down 0.28%, or 147 points. <\/p>\n In Asia, markets traded lower. South Korea’s Kospi<\/a> fell more than 1%, while Japan’s\u00a0Nikkei 225<\/a> declined 0.73%. Australia’s S&P\/ASX 200<\/a> lost 0.53%. Hong Kong’s Hang Seng Index<\/a> is down more than 2%. Mainland China’s CSI 300 is down 0.37%. <\/p>\n Shares of Meta gained 2% in extended trading. The Facebook and Instagram parent delivered<\/a> a revenue beat along with strong guidance for the current quarter. Meanwhile, Tesla reported<\/a> a better-than-expected top and bottom line for its third-quarter results. Shares of the electric vehicle maker were last off 3%.<\/p>\n “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.<\/p>\n 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<\/a> and Tesla<\/a>.<\/p>\n Blowout quarterly results<\/a> from SpaceX fueled investors’ excitement for the artificial intelligence trade, sending shares of Micron Technology<\/a> and Advanced Micro Devices<\/a> higher. Also fanning the flames was news from Super Micro Computer<\/a>, which lifted its fiscal first-quarter revenue outlook<\/a>. <\/p>\n