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.

Chip stocks fell as the AI trade came under renewed pressure.

Meanwhile, investors weighed Meta's quarterly results , which beat estimates. The company announced a 2-for-1 stock split, giving Class A shareholders one non-voting Class C share.

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.

A report that the US and Israel are preparing for renewed attacks on Iran after the US mid-term elections sent Brent crude ( BZ=F ) to $111 per barrel while West Texas Intermediate crude ( CL=F ) climbed above $98. A deadly attack at a Saudi Arabian airport and oil field has put upward pressure on energy prices.