U.S. stocks and South Korea’s Kospi fell Thursday as investors weighed different 2026 spending plans from Meta and Tesla, following gains on Wall Street the previous session.
By 10:45 a.m. ET, the S&P 500 was down 1.4% and the Nasdaq Composite had lost 2.2%; the Kospi fell 3.5%, the Associated Press reported. Earlier Thursday, FXStreet cited Danske Research Team figures showing Nasdaq futures down 1.2% and S&P 500 futures down 0.6%. Reuters later reported that S&P 500 E-minis were down 1.04% and Nasdaq-100 E-minis were down 1.72% at 7:10 a.m. ET.
Wall Street had advanced Wednesday, with the S&P 500 rising 0.6% to 7,757.17 and the Nasdaq Composite adding 1.1% to 26,702.86, AP reported.
Meta reported third-quarter revenue of $64.601 billion, up 26% from a year earlier. The company set its 2026 capital-spending range at $135 billion to $145 billion, compared with $130 billion to $145 billion in its previous outlook. The new range raises the lower end by $5 billion and leaves the upper end unchanged. Meta’s third-quarter capital spending, including principal payments on finance leases, was $34.91 billion.
Tesla reported $4.732 billion in third-quarter capital expenditures. Its second-quarter filing forecast more than $25 billion in capital spending for 2026. On Wednesday’s earnings call, Tesla’s chief financial officer put the estimate at about $20 billion, according to an Investing.com transcript.
The Associated Press cited investor doubts about whether returns from AI investment would justify the financing burden of data-center projects and chip purchases. EconoTimes previously covered investor focus on AI valuations and infrastructure financing as U.S. stock futures traded in mixed directions.
