The S&P 500 rose 0.3% and the Dow Jones Industrial Average gained 1% on Tuesday as investors looked toward the start of earnings season, while the Nasdaq 100 slipped 0.1%. Shares of 3M jumped over 5% after beating estimates and raising its full-year outlook, Northrop Grumman rose more than 4%, and lower crude prices helped sentiment. After hours, SpaceX reported third-quarter revenue of $14.58 billion versus an estimated $13 billion and EPS of $0.35 against $0.13 expected, lifting the Nasdaq about 1%. The report also noted Anthropic could be valued at up to $2 trillion in its IPO, the FAA certified Boeing's 737 MAX 10, Netflix shares fell 5% after hours on a soft fourth-quarter revenue outlook, Kroger committed $5 billion to lower grocery costs, and Qualcomm is preparing to downsize its global workforce.
Summary written by Upside AI from the original article. Read the source for full details.
Read the original on Yahoo Finance ↗
Related tickers and likely impact
QQQ
▲ Likely positiveInvesco QQQ Trust
Relevance: medium
| Market | US stocks |
|---|---|
| Sector | ETF |
| Close on 10/20/2026 | 717.52 |
| Change that session | -0.12% |
SPY
▲ Likely positiveSPDR S&P 500 ETF
Relevance: medium
| Market | US stocks |
|---|---|
| Sector | ETF |
| Close on 10/20/2026 | 769.01 |
| Change that session | +0.33% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
Related news
- Dow Jones Futures Rise, AI Stocks Jump On SpaceX, Supermicro; Tesla, Meta On Deck
- Wall Street diverges Tuesday , industrials advance , techs slip
Wall Street diverged on Tuesday, with industrials rising sharply while tech lagged, although AI stocks firmed after recent sell-offs. The S&P 500 closed at 7,712.75, up 0.29%, while the Dow Jones Industrial Average rose 1.02% to 52,497.42 and the Nasdaq Composite slipped 0.02% to 26,424.82. Direxion's Jake Behan said the market had tolerated higher rates because of the AI growth story, but that relationship began to be tested last week, and upcoming hyperscaler reports on ROI, data centre spending and 2027 capex would matter more than headline earnings. The U.S. dollar weakened against major currencies, European indices mostly fell, and Asian markets diverged: Japan's Nikkei 225 dropped 1.30% and South Korea's KOSPI fell 3.73%, while Indonesia's IDX Composite jumped 5.65%.
- Wall Street diverges Tuesday , industrials advance , techs slip
- Nasdaq Futures Sink, Dow Rises Premarket As AI Chip Stocks Wobble Ahead Of Big Bank Earnings: MU, SNDK, NVTS, NVDA, SPCX, ASTS, UNH, V Stocks In Focus
As of early Tuesday, Nasdaq futures fell 0.6% and S&P 500 futures 0.1%, while Dow futures rose 0.6%, as investors looked ahead to third-quarter bank earnings from JPMorgan, Goldman Sachs, Citigroup, Wells Fargo, and UnitedHealth. AI and semiconductor stocks extended their selloff after capital-expenditure warnings from industry leaders and competition from China's CXMT, and South Korea's KOSPI fell over 6% as Samsung and SK Hynix dragged. Per IDC data, Nvidia's share of China's data-center AI chip market fell to 34% in the first half of 2026 as Huawei gained ground. Six Flags shares fell 13% after a guest died on the Goliath roller coaster in Georgia, while Visa rose over 1% after China gave it the green light to prepare a domestic bank-card clearing business. Cleveland Fed President Beth Hammack said Monday that more tightening may be needed to return inflation to 2%, ahead of September CPI data due Wednesday.
- Dow, S&P 500, Nasdaq Edge Higher Amid Tech Rebound As Q3 Earnings Season Forges Ahead: DJT, AMZN, CBRS, CRWV Stocks In Focus
U.S. stock futures turned positive late Monday as technology shares rebounded from a sharp selloff last week, while about 70 S&P 500 companies are set to report earnings this week. The Nasdaq Composite closed up 1.11%, the S&P 500 rose 0.41% and the Dow slipped 0.07%, with chip stocks leading; SOXX gained nearly 2%. Investors are watching key tech results including Meta, Tesla, Lam Research and Netflix, while rising oil (Brent at $109.88 a barrel) and geopolitical uncertainty weigh on markets. Amazon rose nearly 5% after Morgan Stanley named it a 'Top Pick,' while Trump Media fell 8%, its worst single-day drop since February, and Cerebras slipped more than 5%. Long-dated Treasury yields stayed above 5%, with the 10-year at 5.138%.
- Dow Jones, Nasdaq, S&P 500 preview: All eyes on Meta, Tesla, SpaceX earnings
U.S. stocks fell Friday, closing a mostly losing week as investors pulled back from tech and AI-linked names while oil prices rose. The S&P 500 dropped 1.09% to 7,659.44, the Nasdaq Composite fell 2.14% to 26,140.03, and the Dow Jones slipped 175.28 points (0.34%) to 52,002.41. The Cboe Volatility Index climbed above 22 for the first time in four months, while the SOXX ETF fell 4.14% as semiconductor stocks led the pullback. For the week, the S&P 500 lost about 2% and the Nasdaq fell more than 4%, its worst week since June, while the Dow gained 0.7%. Investors now turn to earnings from Meta, Tesla, SpaceX, Netflix and others, plus fresh economic data, as the AI trade faces a key test.
Related markets
Latest news
- Japan exports post huge miss in September as growth slows to 16.7%
Japan's exports rose 16.7% year on year in September, well below the 20.1% growth Reuters-polled analysts had expected. This marks the second straight month of slowing shipments, following a nearly four-year high in July. Imports grew 18.9%, also missing the 19.6% forecast.
- Can Micron Stock Keep Climbing After a 10-Fold Run? Here's What Its Past Booms Say.
Micron's shares have risen about tenfold from their 2024 year-end close of roughly $84 and now sit near $903. The author argues that past Micron booms show the stock tends to fall before profits do, as earnings stayed strong for a time after prices peaked. The shares are currently 26% below their late-June closing high of $1,213.56, while GAAP earnings per share for fiscal 2026 reached $74.33 versus $7.59 the year before. Profit growth is slowing and DRAM prices are still rising but more slowly, and a price-to-earnings ratio of about 12 suggests the market doesn't expect those profits to last. The author suggests investors size positions with the risk of the next downturn in mind.
- Bridging the gap between deposit mobilization and credit growth
As of October 14, 2026, outstanding credit across the economy exceeded VND 20.72 million billion, up 11.44% from end-2025, while deposit mobilization grew 11.22% as of the October 19 meeting, lagging credit growth. The article says demand for capital is rising faster than banks' ability to raise funds, even though household deposits rose 10.63% to about VND 11.43 million billion by end-August. It warns that simply raising deposit rates could push up funding costs and make lending rates harder to cut. At the October 19 meeting, the State Bank of Vietnam asked banks to cut deposit rates by at least 0.5 percentage points for terms of 6 months or more and lending rates by 1.5-2 percentage points for production, business and priority sectors. Banks including BIDV, Agribank and Vietcombank have announced support programs, but the article argues that effectiveness should be judged by how many firms actually access capital and the real reduction in borrowing costs.
- Capital One's strong quarter and progressing Discover integration are rewarded on Wall Street
Capital One Financial posted better-than-expected third-quarter results, with revenue up 6.4% year over year to $16.34 billion against a $16.27 billion consensus, and adjusted EPS up 12% to $6.69 versus an estimated $5.50. Net interest income rose about 4% quarter over quarter, beating estimates by $134 million, while net discount and interchange fees climbed 3.5% to $2.34 billion, which the article links to the company's ownership of the Discover network. Non-interest expense of $8.86 billion was above the $8.75 billion consensus, though marketing spending of $1.59 billion came in below forecasts. Provisions for credit losses of $2.9 billion were well below the roughly $3.6 billion expected, and a $225 million allowance release boosted earnings. CEO Richard Fairbank said Discover integration has delivered about $1.8 billion of annualized synergies so far and expects lost interchange revenue if the proposed Visa and Mastercard settlement receives final court approval, roughly offsetting the remaining synergies; shares rose about 4% after hours to $210.
- SpaceX touts possible Tesla merger after profits soar
SpaceX reported a $4.4 billion net profit for the third quarter, its first as a public company, with revenue of $14.6 billion, nearly double the second-quarter figure of $7.8 billion. CEO Elon Musk said SpaceX and Tesla have formed special committees to explore a potential merger, though he is not taking part in the talks as a conflicted party and the committees have not yet agreed on terms. SpaceX shares rose nearly 8% to $159.50 after hours, while Tesla gained 1.2%. The connectivity segment, which includes Starlink, posted a $2.37 billion operating profit on $5.25 billion in revenue after adding 1.6 million subscribers, and the AI division returned to operating income of $431 million. Capital expenditures reached $19.59 billion, mainly for AI computing, and Musk said the company aims to make Starship fully reusable.
- Why is France's crisis becoming harder to resolve?
French Defence Minister Sébastien Lecornu described the situation as 'a mess' after riots spread across major cities over the weekend, and Interior Minister Laurent Nuñez resigned after police failed to control the unrest. About 2,400 arrests were made in this wave of violence, following weeks of student protests over deteriorating schools and poor job prospects, with more than 6,000 people arrested earlier and over 100 schools damaged. Parties are trading blame ahead of next spring's presidential election, where far-right candidate Marine Le Pen leads polls, while analysts say political fragmentation has paralysed parliament and no prime minister has been able to pass a budget. An Ipsos-BVA survey found 98% of respondents dissatisfied with the country's situation, as the economy stagnates.
Get the briefing on Telegram or Zalo
Join the Upside Telegram channel or Zalo group for the Vietnam stocks and gold briefing at 8:00 and 19:00 (Vietnam time) on trading days, plus a weekly wrap on Saturday morning.