Nasdaq Futures Slump as Tesla Shares Fall and Oil Prices Surge

Key Facts

1Nasdaq 100 futures fell over 500 points, or 1.93%, ahead of the Wall Street open.

2Tesla shares fell 5.3% premarket after the company cut its 2026 capital spending forecast to $20 billion.

3Brent crude prices surged above $112, adding inflationary pressure on the technology sector.

Nasdaq 100 futures fell over 500 points, or 1.93%, ahead of the Wall Street open. Invezz reported that Tesla shares dropped 5.3% in pre-market trading after the company reduced its 2026 capital spending forecast to $20 billion. The decline followed Brent crude prices surging above $112, which has added inflationary pressure to the technology sector.

TSLA closed at $386.47 on October 21, 2026, while META recorded a close of $697.52 on the same date. In the semiconductor space, LRCX closed at $260.81 on October 21, 2026. These movements occurred alongside broader selling pressure in mega-cap peers, with MSFT closing at $532.95 and AAPL at $343.99 in October 21, 2026 trading.

The market is awaiting the release of US Initial Jobless Claims later today, October 22, 2026, with forecasts expecting 200,000 claims compared to 199,000 in the previous period.