Stock market today: Dow, S&P 500, Nasdaq futures tumble as oil climbs, investors weigh Tesla, Meta earnings
US stock futures fell on Thursday, led by the Tech (XLK) sector, as investors digested earnings from EV maker Tesla (TSLA) and social media giant (META) while oil prices surged to a five-month high.
Futures for Dow Jones Industrial Average (^YM=F) dropped 0.7%, while the S&P 500 (^ES=F) fell 1%. Contracts for the Nasdaq-100 (NQ=F) declined 1.7% as semicondcutor stocks fell, reversing gains from Wednesday’s session.
Investors weighed Meta’s quarterly results released Wednesday after the close. The company announced a 2-for-1 stock split, giving Class A shareholders one non-voting Class C share. The stock fell in pre-market trading.
Tesla shares fell despite an earnings beat, as investors weighed lower 2026 capex against higher spending in 2027 and 2028 on Optimus, Cybercab, and Terafab.
Anthropic (ANTH.PVT) could file its S-1 as soon as Friday, paving the way for what could be the largest IPO in history, according to people familiar with the AI developer’s plans.
Brent crude (BZ=F) touched $11 per barrel after a deadly attack at a Saudi Arabian oil field. West Texas Intermediate crude (CL=F) was above $98.
