Stocks face pressure amid a wave of earnings as oil prices hit their highest level in months, with WTI crude up 2.5% to $106.20 per barrel. SpaceX (SPCX) and Netflix (NFLX) both report after the close: SpaceX is expected to more than double revenue to $12.84 billion and post its first profitable quarter, while Netflix is expected to report $12.88 billion in revenue and 82 cents per share after cutting 6% of its staff. In morning reports, 3M rose about 2%, GE Aerospace fell more than 3% and General Motors dropped 7% despite beating estimates and announcing a $20 billion buyback. The Trump administration has also banned DeepSeek, a Chinese AI model, from federal agencies.
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