# U.S. Futures Fall as AI Payback Worries Lift Treasury Demand

By Enna Lee

Canonical URL: https://www.tokenpost.com/news/investing/38258
Published: 2026-10-22T19:25:58.000Z
Updated: 2026-10-22T19:25:58.000Z
Section: Investing

> The 10-year Treasury yield fell 4 basis points to 5.08% as Nasdaq 100 futures dropped 1.8%.

U.S. stock futures fell Thursday as investors weighed whether heavy spending on data centers and computing infrastructure will take longer to pay off, prompting a shift toward Treasurys.

Nasdaq 100 futures dropped 1.8%, and S&P 500 futures fell 1%. The 10-year Treasury yield declined 4 basis points to 5.08% as Treasurys strengthened broadly. Brent crude rose above $112 a barrel.

Meta posted revenue above expectations and raised its capital spending plan. Tesla cut spending, and the companies’ earnings drew different market reactions.

Lam Research shares fell more than 7% after the chip equipment maker issued weaker-than-expected guidance, weighing on related stocks. Meanwhile, the continued rise in AI-themed stocks has intensified concerns about stretched valuations and the risk of a bubble.