U.S. stock futures fell Thursday, October 22, as post-earnings drops in Meta and Tesla and weakness in chip stocks weighed on the market, while Brent crude rose about 2% to roughly $111 a barrel on Middle East tensions. Meta fell 3% despite 26% revenue growth and a better Q4 outlook, while Tesla dropped 4% despite beating adjusted EPS expectations and cutting its capex outlook by $5 billion to $20 billion. Lam Research slid almost 9% after its current-quarter guidance missed elevated expectations, dragging Micron and Intel, and IBM fell almost 7% despite beating on both revenue and earnings. American Airlines dropped 4% after guiding to a bigger full-year loss amid high fuel costs. Procter & Gamble rose over 2% on organic sales growth of 4%, and CSX, Lockheed Martin, Spotify and Dow also gained after earnings.
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