US Stock Futures Fall on Mixed Megacap Earnings; Oil Rises on Middle East Tensions
US stock futures fell Thursday after mixed earnings from Tesla and Meta cast doubt on the AI trade's rebound, while oil prices climbed on Middle East tensions. Nasdaq 100 futures slipped 0.6% and S&P 500 futures dropped 0.4%. Tesla shares fell 3.1% after cutting its capital-spending forecast to about $20 billion, reversing an earlier increase to over $25 billion. Meta rose 2% after boosting its 2026 capital expenditure outlook to $135-145 billion, raising the bottom end from $130 billion. West Texas Intermediate crude rose toward $98 a barrel following a deadly attack on a Saudi oil field, with Brent above $110. BlackRock CEO Larry Fink warned data center delays could increase inflation, while US and Israeli military reportedly developed plans for renewed strikes on Iran.