Premarket, Tesla fell 5.3% after cutting its annual capital expenditure forecast, while Meta declined 1.9% following plans to introduce non-voting shares to finance AI investments. IBM dropped 5.7% despite beating earnings expectations and raising its software revenue outlook, while SpaceX (-2.3%), Super Micro (-4.7%), Nvidia (-2.4%), and Intel (-5.1%) also weakened. Brent crude surged more than 3% toward $112 per barrel amid renewed Middle East supply disruptions, while the 10-year Treasury yield eased toward 5.085%. Today's economic calendar features weekly jobless claims at 8:30 AM ET, followed by the Conference Board Leading Economic Index at 10:00 AM ET and Kansas City Fed Manufacturing Survey at 11:00 AM ET. Major earnings include American Airlines, Honeywell, Blackstone, Spotify and Procter & Gamble. The Federal Reserve remains in its blackout period ahead of the October 27–28 FOMC meeting. AI-sector selling, corporate earnings, oil prices, Treasury yields and Fed policy expectations remain today's primary market catalysts. 22-OCT-2026 06:55 AM ET