US Stock Futures Drop After Earnings, Oil Gains: Markets Wrap
Global stock markets retreated as disappointing tech earnings and rising geopolitical tensions in the Middle East drove investors toward safer assets. Oil prices climbed while major indices like the Nasdaq and S&P 500 saw significant declines.
Why it matters
The market reaction highlights investor anxiety regarding the return on investment for AI infrastructure and the sensitivity of global markets to Middle Eastern instability.
This content was published on October 22, 2026 - 13:02 5 minutes (Bloomberg) — Stocks slid in a broad retreat from riskier assets as a slate of technology earnings fell short of elevated expectations and escalating hostilities in the Middle East pushed oil prices higher.
Nasdaq 100 futures retreated 1.7%, threatening to erase much of the index’s 2.2% gain this week. S&P 500 contracts fell 1%. A disappointing outlook from chip-equipment maker Lam Research Corp. sent its shares more than 7% lower in early trading. Tesla Inc. dropped 3.8% after cutting back on spending plans.
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