StocksMedium•22 October 2026•
1 min read
US Futures Under Pressure from Tesla Weakness and Asia Selloff
Key Facts
1S&P 500 and Nasdaq 100 futures fell due to an Asia-led selloff and weakness in Tesla shares.
2Meta Platforms reported strong earnings that beat expectations, but it was insufficient to reverse the downward trend in futures.
S&P 500 and Nasdaq 100 futures fell due to an Asia-led selloff and weakness in Tesla shares. FX Empire reported that Meta Platforms posted strong earnings that beat expectations, but the performance was insufficient to reverse the downward trend in futures contracts.
TSLA closed at $386.47 on October 21, 2026, while META closed at $697.52 on the same date. In the broader tech sector, MSFT closed at $532.95 and AAPL closed at $343.99 on October 21, 2026, as regional selling pressure weighed on overall market sentiment.
Market participants are awaiting the release of Initial Jobless Claims on October 22, 2026, with forecasts expecting 200k claims compared to the previous reading of 199k.