Dow Jones Futures Loom After S&P 500, Nasdaq Sell-Off; Will Meta Save AI?

Dow Jones futures are in focus after a sell-off in the S&P 500 and Nasdaq, with a heavy earnings slate now driving the tape. Investor's Business Daily flags Meta, Tesla and SpaceX (SPCX) earnings, along with capital spending, as the key events ahead.

The headline question is whether Meta can "save AI," which frames the report as a test for the artificial intelligence trade after the index pullback. Meta's results and its capex commentary sit at the center of that debate.

Tesla and SpaceX (SPCX) join Meta on the earnings calendar, concentrating three high-profile names into one stretch. That clustering raises the odds of outsized single-stock and index-level moves, since the S&P 500 and Nasdaq are already under pressure.

Interpretation: capex is the variable to track. When indexes are selling off, spending guidance can swing sentiment as much as the earnings figures themselves, because it signals how aggressively companies are funding their AI buildouts.

IBD's framing is cautionary rather than directional. The piece points readers toward positioning decisions ahead of the reports, not toward a call on the sell-off's end.