Stock market today: Dow, S&P 500, Nasdaq tumble as oil climbs, investors weigh Meta, Tesla earnings

US stocks fell on Thursday, led by the Tech (XLK) sector as the AI trade unwound and Wall Street assessed earnings from EV maker Tesla (TSLA) and social media giant (META). Investors flocked to bonds, sending Treasury yields lower as oil prices surged to a five-month high.The Dow Jones Industrial Average (^DJI) declined 0.2%, while the S&P 500 (^GSPC) fell 1.2%. The Nasdaq Composite (^IXIC) tumbled 2.1% as semicondcutor stocks fell, reversing gains from Wednesday's session. Meta shares tanked as investors weighed the company's quarterly results and 2-for-1 stock split announcement. Tesla shares were volatile after an earnings beat, as investors weighed lower 2026 capex against higher spending in 2027 and 2028 on Optimus, Cybercab, and Terafab. SpaceX (SPCX) stock fell, giving back more than half of Wednesday's post-earnings gain.Meanwhile, Blackstone's (BX) stock climbed 5% after the firm offered an upbeat outlook for its upcoming investment sales. 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 $112 per barrel while West Texas Intermediate crude (CL=F) climbed to $100. A deadly attack at a Saudi Arabian airport and oil field also put upward pressure on energy prices. In other news, jobless claims fell to 194,000 last week, the fewest in three months, underscoring how layoffs remain low.