The Nasdaq slides today after Tesla and Meta earnings as investors sold the names on profit and spending concerns. This morning's analysis flagged Tesla's profit drop and overnight Nasdaq weakness; cash has followed through, as of 19:00 UTC. Those index prints are intraday. US cash remains open until 16:00 New York (20:00 UTC).

The Close: Nasdaq Leads Losses While Cash Stays Open

The S&P 500 last printed about 7,643, down 1.5 percent from Wednesday's 7,757.17 (DealPlexus 7,642.92; Motley Fool 7,652.69). Range 7,639.86 to 7,702.94. This morning's overnight S&P 500 futures print near 7,752 was not held in cash. Both bearish reference levels from this morning, 7,712.57 and 7,690.73, were taken. October 6's 7,818.93 record close remains unrepaired. The Nasdaq Composite last printed about 25,960, down 2.8 percent. The Dow last printed about 52,770, down 0.2 percent. Consumer staples led after Procter and Gamble beat, with shares last printed about 166 dollars, up about 6 percent. South Korea's Kospi closed 5,533.77, down 3.52 percent, with Samsung Electronics and SK hynix lower (Yonhap). Japan's Nikkei 225 closed 62,907.84, down 2.65 percent. The 10-year yield last sat about 5.04 percent, down about 10 basis points, meeting the bar for long-dated Treasuries. S&P bullish trigger: a reclaim of 7,712.57, then Wednesday's 7,757.17. Bearish trigger: a fade through the session low at 7,639.86.

Key Takeaways: The Close
  • S&P ~7,643 (-1.5%), labeled intraday; overnight futures ~7,752 not held; 7,712.57 and 7,690.73 taken
  • Nasdaq ~25,960 (-2.8%); Dow ~52,770 (-0.2%); 10-year about 5.04%
  • Kospi closed 5,533.77 (-3.52%); Nikkei closed 62,907.84 (-2.65%)
  • S&P bullish trigger: reclaim 7,712.57 then 7,757.17; bearish: 7,639.86

Story of the Day: Tesla and Meta Reverse the After-Hours Bounce

Tesla reported third-quarter revenue of 28.05 billion dollars, in line, and non-GAAP earnings of 0.48 dollars a share against about 0.45 seen (Electrek). GAAP net income was 787 million, down 43 percent. This morning last had shares about 2 percent lower after hours; cash last printed about 378 dollars, down about 2 percent (Fool). Meta printed revenue of 64.6 billion, up 26 percent, against about 63.4 billion seen, and earnings of 3.83 dollars a share (CNBC). After hours last sat about 2 percent higher. Cash reversed: shares last printed about 645 dollars, down about 7 percent. Free cash flow printed negative 2.12 billion, the first negative quarter since the 2012 listing, as capital spending of 34.9 billion outran operating cash flow. Full-year capital spending is now seen at 135 to 145 billion, with the floor raised from 130 billion. Chip bullish trigger: a reclaim of Kospi 5,605.54 through Wednesday's 5,735.66. Bearish trigger: a fade through Tuesday's 5,493.24 low.

Gold bars stored at the West Point Mint, evening review for Oct 22 2026
Key Takeaways: Tesla and Meta
  • Tesla revenue $28.05B; non-GAAP EPS $0.48; GAAP net income $787M (-43%); cash about -2%
  • Meta revenue $64.6B; free cash flow -$2.12B; cash about -7%
  • Chip bullish trigger: reclaim Kospi 5,605.54; bearish: 5,493.24

Crypto Check: Bitcoin Loses This Morning's 21 EMA

Bitcoin last printed about 81,100 dollars (TradingView). GoldPrice.com sat at 81,084, under 1 percent apart. This morning last printed about 82,703 at the 21 EMA. That 82,700 reference has been lost. Range low 80,400 is next. The about 79,800 floor remains. Ether last printed about 2,379 dollars versus this morning's about 2,437. Crypto's daily candle closes at 00:00 UTC, so these remain intraday. BTC bullish trigger: a reclaim of 82,700 through 84,400. Bearish trigger: a slip through 80,400, then 79,800.

Key Takeaways: Crypto
  • Bitcoin about $81,100 vs this morning about $82,703; 21 EMA $82,700 lost
  • Ether about $2,379; prints labeled intraday
  • BTC bullish trigger: reclaim $82,700; bearish: $80,400, then $79,800

After-Hours and Overnight Watch

US cash still has about an hour as of 19:00 UTC. Weekly jobless claims printed 194,000 against 200,000 seen (Labor Department, Reuters). Procter and Gamble printed adjusted earnings of 2.00 dollars a share against about 1.88 seen. West Texas Intermediate last printed about 99.22 dollars, up from this morning's about 98.48, with a high of 100.17. Brent last printed about 112.77. Oil bullish trigger: a hold through yesterday's 100.40 high. Bearish trigger: a slip through 97.15. Spot gold last printed about 4,037 dollars (TradingView, Kitco), a fade of about 2.5 percent from Wednesday's 4,141.02 close and a two-month low. The 4,100 zone is overhead. Gold bullish trigger: a reclaim of 4,100. Bearish trigger: a slip through the session low near 4,034. Western Digital reports after the cash close at 20:00 UTC. Japan CPI prints at 23:30 UTC, with core seen 2.1 percent. The Fed remains in blackout through October 29 ahead of the October 27-28 FOMC. Docket: the calendar and the week ahead. Scenarios to watch.

Key Takeaways: Overnight
  • Claims 194,000 vs 200,000 seen; P&G EPS $2.00 vs about $1.88
  • WTI ~$99.22, high $100.17; gold ~$4,037, a two-month low
  • Western Digital after the cash close at 20:00 UTC; Japan CPI 23:30 UTC; FOMC October 27-28

For live prices see the ThriveInMarkets homepage. None of the above is a recommendation to buy or sell any asset. Index prints are intraday as of 19:00 UTC Thursday, October 22, 2026. Gold, oil, Bitcoin and Ether are live and labeled intraday.