News

GM’s outlook signals strength for the automaker heading into the fourth quarter and beats Wall Street analysts’ current expectations.

The major US stock indices are closing the day with mixed results. The Dow industrial average was buoyed by stronger earnings from 3M and Coca-Cola. 3M shares are up over 7% on the day. Coca-Cola shares are up 3.82%. Salesforce rose 3.7% and Amazon is up 2.65%. The Dow closed at a new record high level.

Broader S&P index and NASDAQ index closed mixed but little changed. A snapshot of the closing levels shows:

• S&P index closed unchanged at 6735.33
• NASDAQ index fell -36.88 points or -0.16% at 22953.67
• Dow industrial average rose 218.10 points or 0.47% at 46924.68
• Russell 2000 fell -12.22 points or -0.49% at 2487.68

Netflix rose $2.79 or 0.23% at 1241.35. The company’s earnings will be released soon after the close with estimates of $6.96 for EPS on revenues of $11.51 billion. That compares to $5.40 on $9.82 billion last year..

Netflix has just announced earnings at $5.87 versus $6.96 expected, on revenues of $11.51 billion. Shares are trading down 5.98% in after-hours trading.

This article was written by Greg Michalowski at investinglive.com.

The launch of Atlas puts OpenAI in direct competition with rivals like Google and Perplexity AI.

The sports betting giant is preparing to launch a new platform in the coming months called DraftKings Predictions.

The US Dollar (USD) managed to regain traction and clocked a marked bounce on turnaround Tuesday. The Greenback’s recovery came on the back of easing trade tensions and alleviated fears surrounding the US credit risk.

Fischer encouraged the Trump administration “to focus on trade deals that benefit our ag producers—not imports that will do more harm than good.”

A closely watched pill from Novo Nordisk just scored an approval for slashing cardiovascular risks, while Mark Cuban gives Trump credit on drug prices.

Ahead of Tesla’s earnings report on Wednesday, a group of unions and corporate watchdogs launched a website in opposition to Elon Musk’s new pay plan.

Reuters is reporting that there were no new US soybean sales to China and that nothing is expected to be loaded in coming weeks. This is according to the US soybean industry groups.

Moreover, if the trend continues, soybean farmers could face financial collapse.

Pres. Trump earlier today said that

• He will be discussing a lot of things with China Pres. Xi in two weeks.
• We are going to do well in that negotiations.

A few minutes later he chaTrump is now saying:

• Maybe the meeting with Chinese President Xi won’t happen.

HMMMM.

It looks more like No Deal.

This article was written by Greg Michalowski at investinglive.com.

Gold plummets more than 5.50% on Tuesday as traders seem to book profits ahead of the release of September’s Consumer Price Index (CPI) data in the US, and the Greenback recovers some ground. XAU/USD trades at $4,114 after diving from a daily high of $4,375.