U.S. stocks are lower Thursday, Oct. 22, dragged down by post-earnings declines in Meta Platforms and Tesla and weakness across the semiconductor sector. Brent crude is up 2% to about $111 a barrel on escalating Middle East tensions, while bond yields are lower. Nvidia backed strong demand for neocloud services, but CoreWeave is down nearly 4% premarket because of a scarcity of capital. Other notable moves include a nearly 9% decline in Lam Research, a 7% drop in IBM and a 4% fall in American Airlines, while Procter & Gamble gained more than 2% after a better-than-expected quarter.
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