Nasdaq futures down 1.8% as investors digest earnings from Meta and Tesla: Live updates

Futures slid early Thursday as third-quarter earnings from Meta Platforms and Tesla hit risk appetite, with Nasdaq-100 futures taking the heaviest damage. CNBC's headline put the Nasdaq futures decline at 1.8%, while S&P 500 futures fell 1.02%.

The selloff reverses a constructive Wednesday session. The S&P 500 posted a three-day winning streak, and the Nasdaq Composite rose as Tesla and SpaceX (SPCX) rallied. Thursday's move now puts those gains at risk at the open.

The gap between the two indexes is the key detail: Nasdaq-100 futures are falling roughly 0.8 percentage points more than S&P 500 futures. Interpretation: the weakness is concentrated in growth and mega-cap tech rather than spread evenly across the broad market, which fits earnings from Big Tech names driving the reaction. Because Tesla and SPCX led Wednesday's rally, they are logical candidates for profit-taking when momentum stalls, though the source does not confirm how either stock is trading in premarket.

The source cites third-quarter results from Meta and Tesla as the catalyst, but the market's verdict arrived as a sharp futures drop rather than a celebration of the prints.