How Are Dow, S&P 500, Nasdaq Futures Trading After META, TSLA Earnings?

Key Points:

• U.S. stock futures declined overnight following mixed Q3 earnings reports from Meta Platforms and Tesla, despite all three major indexes closing higher on Wednesday.
• Meta reported Q3 revenue of $64.6 billion, beating estimates, but missed on earnings per share due to a $9.89 billion legal charge; the company announced a new class of non-voting shares and highlighted strong user growth for its AI-powered Muse platform.
• Tesla missed revenue estimates with $28 billion and cut its full-year capital expenditure guidance from over $25 billion to about $20 billion, also delaying its Optimus robot scaling; speculation about a potential Tesla-SpaceX merger by 2027 surfaced, with analysts projecting significant shareholder benefits.
• Oil prices remained elevated amid U.S.-Iran tensions, with Brent crude at $110.40 and WTI crude near $98.34 per barrel, while Asian markets opened lower on Thursday.
• Other notable market movements included declines in Alibaba shares due to weakness in the Hang Seng Tech Index, and mixed performances in ETFs tracking major U.S. indexes amid rising long-term Treasury yields above 5%.