Stock market today: Dow, S&P 500, Nasdaq futures stall as oil jumps, fresh earnings roll in after Tesla's flop

Market Overview - US stock futures remained flat as oil prices surged due to sanctions on Russia, with the Dow Jones Industrial Average and S&P 500 wavering near the flat line, while Nasdaq 100 contracts showed little change [1] Oil Market - Oil futures increased by over 5% following US sanctions on major Russian producers, with Brent crude nearing $66 per barrel and West Texas Intermediate approaching $62 [2] Company Earnings - Tesla shares declined over 3% in premarket trading after mixed third-quarter results, marking the beginning of the "Magnificent Seven" earnings cycle. IBM's stock fell around 7% despite stronger-than-expected profits, as software revenue met expectations but disappointed investors [3] Trade Relations - China announced upcoming talks with US officials, and President Trump confirmed a scheduled meeting with Chinese President Xi, providing some reassurance to markets amid rising tensions [4] Quantum Computing Sector - The Trump administration is reportedly in discussions for the US to acquire stakes in several quantum computing companies, with shares of IonQ and Rigetti Computing rising over 10% following this news [5]