Pre-market futures fell after the Nasdaq dropped nearly 700 points (-2.6%) at the previous close, and the Dow was down 377 points pre-market. Doubts about AI infrastructure spending, which Meta Platforms' earnings report raised, weighed on Dow stocks such as Caterpillar (CAT), down 4.9% pre-market ahead of its Q3 report next Thursday. The 10-year yield fell below 5% for the first time in a month, while oil stayed high, with WTI over $100 per barrel and Brent at $115 amid reports of planned U.S. and Israeli strikes on Iranian nuclear facilities. American Express (AXP) beat estimates with earnings of $4.68 per share, but revenue of $20.06 billion missed, while SLB beat by 2 cents at $0.64 per share on $9.45 billion in revenue. Flash PMIs are expected at 55.3 for manufacturing and 58 for services, and the final University of Michigan survey at 46.3.
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AI investmentoil pricesbondsMETANVDASPY
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Related tickers and likely impact
META
▼ Likely negativeMeta Platforms
Relevance: medium
| Market | US stocks |
|---|---|
| Sector | Communication Services |
| Industry | Interactive Media & Services |
| Market cap | $1.9T |
| Close on 10/22/2026 | 648.91 |
| Change that session | -6.97% |
QQQ
▼ Likely negativeInvesco QQQ Trust
Relevance: medium
| Market | US stocks |
|---|---|
| Sector | ETF |
| Close on 10/22/2026 | 704.59 |
| Change that session | -2.84% |
NVDA
▼ Likely negativeNvidia
Relevance: medium
| Market | US stocks |
|---|---|
| Sector | Information Technology |
| Industry | Semiconductors |
| Market cap | $5.2T |
| Close on 10/22/2026 | 212.28 |
| Change that session | -4.36% |
SPY
▼ Likely negativeSPDR S&P 500 ETF
Relevance: medium
| Market | US stocks |
|---|---|
| Sector | ETF |
| Close on 10/22/2026 | 764.02 |
| Change that session | -1.17% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
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