Meta falls 10.67% while Tesla gains 9.03% and the S&P 500 edges up 0.13%
Meta reported $34.91 billion of quarterly capital spending and priced a stock sale, while Tesla and Broadcom rallied into the Federal Reserve decision due Oct. 28.
- Meta Platforms closed at $620.19 on Oct. 27, down 10.67% from Oct. 20, after reporting $34.91 billion of third-quarter capital spending.
- The S&P 500 closed at 7,722.60 on Oct. 27, up 0.13% on the week, while the Dow fell 0.23%.
- Microsoft and Alphabet report after the close on Oct. 28, and Amazon and Coinbase follow on Oct. 29.
Meta Platforms (Nasdaq: META) closed at $620.19 on Oct. 27, down 10.67% from Oct. 20, in the week of Oct. 21-27, while the S&P 500 index closed at 7,722.60, up 0.13%, according to TheStreet's market wrap.
Three earnings reports and one stock sale produced the sharpest moves among the shares reviewed. Netflix reported on Oct. 20, Meta and Tesla on Oct. 21, and Meta priced its capital raise on Oct. 26-27.
Meta falls 10.67% as capital spending reaches $34.91 billion
Meta said third-quarter revenue was $64.60 billion, up 26% from a year earlier. Capital expenditures, including finance lease principal payments, were $34.91 billion in the quarter.
The company narrowed its 2026 capital spending range to $135 billion to $145 billion from $130 billion to $145 billion. Net income was $9.86 billion, or $3.83 per diluted share, after a $9.89 billion legal charge.
"We hit major milestones this quarter toward delivering personal superintelligence for everyone," Mark Zuckerberg, Meta's chief executive, said in the Oct. 21 results release.
Shares fell 6.98% to $648.85 on Oct. 22, the session after the report, according to Yahoo Finance's price history.
Meta then priced a $97.5 billion capital raise that includes $25 billion of Class A stock at $625 per share, according to The Motley Fool.
Meta closed at $620.19 on Oct. 27, below the $625 offering price. That is a weekly decline of 10.67% from the $694.25 close on Oct. 20. That is the steepest decline among the seven rows in the table below.
Tesla gains 9.03% after results showed profit down 43%
Tesla (Nasdaq: TSLA) reported third-quarter revenue of $28.05 billion, flat from a year earlier, on Oct. 21, according to Electrek's results summary.
GAAP net income was $787 million, down 43%, and free cash flow was $1.53 billion, Electrek reported. Operating margin fell to 2.6% from 5.8% a year earlier.
Shares closed at $374.58 on Oct. 22, down 3.08% after the report. They then rose 5.21% on Oct. 26 and 4.04% on Oct. 27, to $407.46, according to MarketBeat's Tesla price history.
The weekly gain from the $373.71 close on Oct. 20 is 9.03%.
Netflix falls 8.98% after trimming its advertising outlook
Netflix (Nasdaq: NFLX) said third-quarter revenue rose 12% to $12.9 billion and operating income reached $4.5 billion, in its Oct. 20 shareholder letter.
The company guided fourth-quarter revenue to $13.4 billion with a 26.0% operating margin. It cut its 2026 advertising revenue estimate to about $2.7 billion from about $3 billion.
Shares closed at $65.04 on Oct. 21, down 5.31% from $68.69, and ended at $62.52 on Oct. 27, according to MarketBeat's Netflix price history.
The weekly decline is 8.98%. Netflix ended Oct. 27 at the lowest close in the Oct. 19-27 range shown on that page.
Broadcom rebounds 4.00% on Oct. 27 after a 4.31% chip selloff
Chip stocks sold off on Oct. 22, when Broadcom (Nasdaq: AVGO) fell 4.31% to $323.24, according to MarketBeat's Broadcom price history.
Broadcom then rose 4.00% to $342.33 on Oct. 27. That leaves the stock 2.38% above its $334.37 close on Oct. 20.
TheStreet said Anthropic's initial public offering filing helped lift markets. The Nasdaq Composite rose 1.18% that day, to 26,477.81.
The Nasdaq gains 0.20% while the Dow loses 0.23%
The Nasdaq Composite closed at 26,424.82 on Oct. 20, according to the Associated Press index table. Its Oct. 27 close of 26,477.81 is a weekly gain of 0.20%.
The S&P 500 gained 0.13% from 7,712.57. The Dow Jones Industrial Average closed at 52,377.57, down 0.23% from 52,495.88.
TheStreet said Boeing fell about 10% intraday on Oct. 27 after missing earnings estimates and cutting its full-year delivery target.
The week in numbers
| Company | Close | Week change | Why it moved |
|---|---|---|---|
| S&P 500 index | 7,722.60 | +0.13% | Anthropic's IPO filing helped lift markets, TheStreet said |
| Nasdaq Composite | 26,477.81 | +0.20% | Rose 1.18% on Oct. 27 |
| Dow Jones Industrial Average | 52,377.57 | -0.23% | Boeing fell about 10% intraday on Oct. 27 after missing earnings estimates |
| Meta Platforms | $620.19 | -10.67% | Capital spending of $34.91 billion and a $97.5 billion capital raise |
| Tesla | $407.46 | +9.03% | Gains of 5.21% on Oct. 26 and 4.04% on Oct. 27 after Oct. 21 results |
| Broadcom | $342.33 | +2.38% | Fell 4.31% on Oct. 22, then rose 4.00% on Oct. 27 |
| Netflix | $62.52 | -8.98% | Cut its 2026 advertising revenue estimate to about $2.7 billion |
As of Oct. 27, 2026. Week change is our calculation from the closes on Oct. 20 and Oct. 27.
Microsoft, Alphabet, Amazon and Coinbase report between Oct. 28 and Oct. 29
The Federal Reserve meeting ends Oct. 28 with a press conference at 2:30 p.m. ET, according to the Fed's October calendar.
Microsoft said it will report after the close that day. Alphabet reports after the close on Oct. 28, according to PrimeXBT and TokenPost.
- Oct. 29: Amazon.com holds its third-quarter call at 5:00 p.m. ET, the company said.
- Oct. 29: Coinbase Global (Nasdaq: COIN) publishes results after the close, with a live question session on X at 2:00 p.m. PT, the company said on Oct. 14.
- Oct. 29: Strategy reports third-quarter results after the close, with a webinar at 5:00 p.m. ET, according to CryptoTimes.
- Nov. 2: Apple reports fiscal fourth-quarter results at 2:00 p.m. PT, according to MacTrast.