Dow Jones Futures Rise As Meta Jumps, Microsoft Slumps; Elon Musk Plans Tesla CapEx Surge
Investors·2026-01-29 12:23

Core Insights - Dow Jones futures rose slightly, alongside S&P 500 and Nasdaq futures, following significant earnings reports from Tesla, Microsoft, and Meta Platforms [1] - Elon Musk highlighted plans for a surge in capital expenditures (CapEx) for Tesla, focusing on robotaxi expansion, which may impact the broader AI ecosystem [1] - Microsoft and Meta's CapEx guidance is substantial, indicating potential growth for the AI sector, including companies like Nvidia [1] Group 1: Company Performance - Meta Platforms, the sixth largest company by market cap on Nasdaq, reached a high of 742.99 in extended trading [1] - Microsoft exceeded December-quarter targets, but its stock experienced a decline in late trading [1] - Tesla reported a 17% drop in earnings, with Musk emphasizing the importance of CapEx for future growth [1] Group 2: Market Trends - The stock market rally showed mixed results after the Federal Reserve held interest rates steady, with notable movements in oil stocks [1] - Nvidia, as an AI partner, is experiencing increased demand, which may be bolstered by the CapEx plans of major tech companies [1] - The overall market sentiment appears optimistic, with Nasdaq aiming for record highs amid these earnings reports [1]