Meta Platforms's loss after its results has deepened to 6.8% since the open

Meta Platforms is down 6.8% after the company reported quarterly results on Wednesday (8-K Item 2.02). It was down 2.8% premarket, so the move has extended since the open. Its Q3 FY2026 results show operating margin narrowing to 20.1%. That is 5.8 points behind SPY (−1.0%). SPY is down 1.0% and QQQ down 2.2% at 12:31 PM ET. Consumer Staples (+2.6%) leads the sector funds and Technology (−2.8%) trails them. The premarket direction is holding: SPY was down 0.9% at 8:15 AM ET. 135 of the 225 large companies Blockhaven tracks are higher and 90 lower. Of the Morning's 4 tests, 3 are holding so far and 1 is still open. After the close, Western Digital, Newmont, Bloom Energy, and Comfort Systems USA are listed to report.

SPY is down 1.0% and QQQ down 2.2% at 12:31 PM ET versus the prior close. IWM is flat.

Sector funds range from Consumer Staples (+2.6%) to Technology (−2.8%); 6 of 11 are higher.

Leaders: Consumer Staples (XLP) +2.6%; Health Care (XLV) +1.8%; Utilities (XLU) +1.3%.

Laggards: Technology (XLK) −2.8%; Energy (XLE) −1.8%; Communication Services (XLC) −1.3%.

135 of the 225 large companies Blockhaven tracks are higher and 90 lower. This is not market-wide breadth.

• META Meta Platforms is down 6.8% after the company reported quarterly results on Wednesday (8-K Item 2.02). It was down 2.8% premarket, so the move has extended since the open. Its Q3 FY2026 results show operating margin narrowing to 20.1%. That is 5.8 points behind SPY (−1.0%).
• LRCX Lam Research is down 10.1% after the company reported quarterly results on Wednesday (8-K Item 2.02). It was down 7.8% premarket, so the move has extended since the open. Its Q1 FY2027 results show revenue growth accelerating to 54.4%. That is 7.3 points behind the Technology fund (XLK, −2.8%).
• VST Vistra is down 9.4%. No verified catalyst identified. That is 10.7 points behind the Utilities fund (XLU, +1.3%).
• STX Seagate is down 9.0%. No verified catalyst identified. That is 6.1 points behind the Technology fund (XLK, −2.8%).
• KLAC KLA is down 8.7%. No verified catalyst identified. That is 5.9 points behind the Technology fund (XLK, −2.8%). Lam Research, another chipmaker, is also down 10.1%.

The Morning edition set 4 tests; each is checked against this observation, and the session is not over.

• Still open: Whether Tesla stays below Wednesday's $386.47 close. No TSLA reading was available at this observation.
• Holding so far: Whether QQQ stays behind SPY after the open. QQQ −2.2% against SPY −1.0% at 12:31 PM ET: a gap of 1.2 points, QQQ behind.
• Holding so far: Whether Meta Platforms stays below Wednesday's $697.52 close. META was at $650.12 at 12:31 PM ET, 6.8% below the $697.52 level the Morning named.
• Holding so far: Whether SPY holds below Wednesday's $773.09 close. SPY was at $765.11 at 12:31 PM ET, 1.0% below the $773.09 level the Morning named.

The VIX stood at 18.31 at 12:15 PM ET, up 1.63 points on the day. This is Cboe's delayed quote, not a close.

Treasury publishes one official yield reading a day, after the session; Blockhaven does not report an intraday yield, so rates are not described here.

What remains for the rest of the session.

1. After the close: Western Digital, Newmont, Bloom Energy, and Comfort Systems USA are listed to report: Results after the close reach the market after the regular session, so they bear on the next open; timing is a calendar listing.

• The session is not over: a midday reading can change by the close, and nothing here is a forecast of it.
• Moves with no verified catalyst are reported, not explained.
• Blockhaven's Macro read is computed once a day and is not recomputed intraday, so it is not used here.

Observation 12:30 PM ET on Thursday; data through 12:31 PM ET. Prices are delayed last trades from Nasdaq's public quotes, not closes.

This edition was compiled and published automatically from public sources under Blockhaven's standing editorial policy for intraday editions, at 12:31 PM ET on Thu, Oct 22, 2026, exactly as generated; an editor did not review it individually before release. It describes what has happened and is not a forecast or investment advice.

1. Nasdaq, Nasdaq market activity (quotes), accessed 2026-10-22
2. U.S. Securities and Exchange Commission, SEC EDGAR company filings, accessed 2026-10-22
3. U.S. Bureau of Economic Analysis, BEA news release schedule, accessed 2026-10-22
4. Cboe Global Markets, Cboe delayed quotes, accessed 2026-10-22