Dow, S&P 500, Nasdaq Futures Fall as Traders Assess Tesla, Meta Earnings

Image source: AI-generated image with OpenAI

US stock futures fell on Thursday, led by the technology (XLK) sector, as investors digested earnings from EV maker Tesla (TSLA) and social media giant Meta (META).

Futures for the Dow Jones Industrial Average (^YM=F) dropped 0.2%, while S&P 500 (^ES=F) futures fell 0.9%. Contracts for the Nasdaq-100 (NQ=F) declined 0.9% as semiconductor 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 jumped in premarket 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 $110 per barrel after a deadly attack at a Saudi Arabian oil field. West Texas Intermediate crude (CL=F) neared $100. Yahoo Finance reports.

📄 NVE Corporation Reports Second Quarter Results. Stocks Sink in Pre-Market

NVE Corporation (Nasdaq: NVEC) announced financial results today for the quarter ended September 30, 2026.

Total revenue for the second quarter of fiscal 2027 decreased 8% to $5.83 million from $6.35 million in the prior-year quarter. The decrease was due to a 9% decline in product sales, partially offset by a 25% increase in contract research and development revenue. Net income for the second quarter of fiscal 2027 decreased 4% to $3.17 million, or $0.65 per diluted share, compared with $3.31 million, or $0.68 per diluted share, in the prior-year quarter. BusinessWire reports.

🚗 Why Is Tesla (TSLA) Stock Trending Pre-Market?

Tesla Inc. (NASDAQ: TSLA) shares are trending on Thursday.

Shares of the Austin-based electric vehicle giant fell 4.86% to $367.70 in pre-market trading after the company reported third-quarter results.

Tesla reported revenue of $28.05 billion, flat year over year and slightly above analysts' estimates. Earnings per share came in at 48 cents, surpassing the 43-cent estimate.

Automotive revenue fell 3% to $20.56 billion. Deliveries totaled 486,532, down 2% from a year earlier. Tesla said it ended the quarter with “the largest backlog for our passenger vehicles in four years.” Benzinga reports.

🔋 Why QuantumScape Shares Are Trading Higher by 9%

Shares of QuantumScape Corp. (NASDAQ: QS) rose sharply in premarket trading after the company reported a narrower-than-expected quarterly loss and announced plans for a new production line targeting demand for solid-state batteries across sectors such as AI data centers, aerospace, and defense.

QuantumScape reported a quarterly loss of 14 cents per share, beating analysts' estimate of a 17-cent loss, according to Benzinga Pro data.

QuantumScape shares jumped 9.1% to $4.34 in premarket. Benzinga reports.

💻 Texas Instruments CEO Sees No Slowdown in Data Center Demand: 'Actually Growing Demand'

Texas Instruments Inc. (NASDAQ: TXN) stock edged lower in premarket trading Thursday after closing up 2.47% in the previous session, despite the semiconductor company reporting third-quarter earnings that beat Wall Street estimates and issuing upbeat fourth-quarter guidance.

Texas Instruments reported third-quarter earnings of $2.62 per share, beating analysts’ estimate of $2.41. The results included a 1-cent reduction not reflected in its original guidance. Benzinga reports.

📱 Meta Beats Q3 Revenue Expectations, Announces 2-for-1 Stock Split

Meta (META) kicked off Big Tech's earnings season after the bell on Wednesday, beating revenue expectations, although GAAP earnings per share took a hit due to legal fees related to its teen mental health settlement.

The company also announced a 2-for-1 stock split, giving each owner of Meta Class A shares one non-voting Class C share. Meta stock fell 0.5% in premarket trading on Thursday.

The move will help Meta ensure that CEO Mark Zuckerberg retains overall control of the company while allowing it to continue financing its AI buildout. Yahoo Finance reports.

(All pricing and percent gains are based on Early Pre-Market from 4:00 AM to 7:00 AM ET). Stock Analysis reports.

1) BHVN: Biohaven Ltd.
Total gain: +27.66%

2) COAG: Hemab Therapeutics Holdings, Inc.
Total gain: +27.33%

3) BKYI: BIO-key International, Inc.
Total gain: +25.24%

4) SAIQ: WISeSat.Space Holdings Corp.
Total gain: +17.09%

5) BNR: Burning Rock Biotech Limited
Total gain: +14.21%

The closing price of the top three market percent gainers trading near or above $2 on Oct 21.

(All pricing and percent gains are based on regular market trading hours from 9:30 AM to 4:00 PM ET). Stock Analysis reports.

1) SPHL: Springview Holdings Ltd
Total gain: +45.68%

The stock appeared to be moving on no notable news.

2) SVRN: SVRN, Inc.
Total gain: +41.49%

The stock appeared to be moving on no notable news.

3) AHT: Ashford Hospitality Trust, Inc.
Total gain: +37.99%

The company agreed to waive approximately $17 million of advisory fees that would otherwise be earned over the next six months and to purchase 2.5% of the Company's outstanding common stock in the open market each quarter, and that the Company has terminated its at-the-market equity offering program. The fee waiver and the share purchase agreement were approved by the independent members of the Company's Board of Directors. These actions are intended to strengthen the Company's liquidity and further align the interests of its advisor with those of its stockholders. PRNewswire reports.

(Estimate and Actual numbers represent Earnings Per Share in US Dollars)

LMT

Lockheed Martin

Q3 2026

Before Market Open

Estimate: 7.510

Actual: 7.970

HBAN

Huntington Bancshares

Q3 2026

Before Market Open

Estimate: 0.380

Actual: 0.380

TCBK

TriCo

Q3 2026

Before Market Open

Estimate: 1.080

Actual: 1.180

Time (ET) / Report / Period

• 8:30 AM / Weekly Jobless Claims / Oct. 17
• 10:00 AM / Leading Indicators / Sep
• 11:00 AM / Kansas City Fed Survey / Oct.

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