4:18pm: Eyes on Netflix
US stocks finished the day mixed, with investors weighing up a slew of corporate earnings as the government shutdown drags on.
The Dow Jones added 0.5% to 46,924 points, marking a new record high for the index. The S&P 500 was flat at 6,735 points, and the Nasdaq slipped 0.2% to 22,953 points.
Attention after the bell turns to streaming giant Netflix’s earnings report.
3:42pm: Proactive news headlines
- Liberty Star Uranium & Metals Corp. (OTCQB:LBSR) (dba Liberty Star Minerals) said on Tuesday it has successfully completed induced polarization and resistivity testing over known gold-bearing veins at its wholly owned Red Rock Canyon gold project.
- 374Water Inc (NASDAQ:SCWO) announced it has completed a commercial-scale field demonstration at Clean Earth’s Detroit, Michigan facility as part of a Department of Defense (DoD) project focused on destroying per- and polyfluoroalkyl substances (PFAS)-contaminated wastes.
- Pinnacle Silver & Gold Corp (TSX-V:PINN, OTCQB:NRGOF) has appointed veteran mining engineer Carlos Castro Villalobos as project manager for its high-grade El Potrero gold-silver project in Mexico, as the company advances toward potential production.
- Digi Power X Inc (NASDAQ:DGXX, TSX-V:DGX) reported that it is expanding its artificial intelligence (AI) data center capacity with the addition of five new ARMS-200 GPU modules, scheduled to come online at its Alabama facility in March 2026.
- atai Life Sciences (NASDAQ:ATAI, ETR:9VC) announced the completion of a $149.5 million public offering of approximately 27 million common shares, including the full exercise of underwriters’ option to purchase an additional 3.6 million shares at $5.48 per share.
- HIVE Digital Technologies (TSX-V:HIVE, NASDAQ:HIVE) has signed an agreement to develop an additional 100-megawatt (MW) hydroelectric-powered data center campus at its Yguazú site in Paraguay.
- Nextech3D.AI (CSE:NTAR, OTCQX:NEXCF) has launched a blockchain ticketing platform powered by the Ethereum network, with wallet integration for Coinbase and MetaMask.
- First Phosphate Corp. (CSE:PHOS, OTCQX:FRSPF) announced that it will undertake a 30,000-metre (m) accelerated drill program at its Bégin-Lamarche property in Quebec, beginning this month.
2:52pm: Market movers
- RTX Corp (NYSE:RTX, ETR:5UR) shares gained nearly 9% as the aerospace and defense company boosted its full-year revenue and earnings forecast, citing increasing demand for its missiles and aftermarket services.
- Warner Bros Discovery Inc (NASDAQ:WBD, ETR:J5A) said on Tuesday it is expanding its strategic review of the business and is open to a potential sale following unsolicited interest from multiple parties, sending its shares up more than 10%.
- Philip Morris International Inc (NYSE:PM, ETR:4I1) shares fell almost 10% after the cigarette-maker issued cautious guidance for the remainder of the year, despite reporting better-than-expected third quarter earnings.
- 3M Co (NYSE:MMM) raised its full-year profit and margin forecast after posting stronger-than-expected third-quarter results, driven by improved demand across its industrial, consumer and healthcare segments. Its shares added 6%.
- General Motors Company (NYSE:GM) shares powered 14% higher in early trading on Tuesday after the automaker saw its third quarter 2025 revenue and earnings top Wall Street forecasts, while the company also raised its guidance for the year.
2:35pm: Warner Bros attracts interest
Warner Bros. Discovery (WBD) said it is reviewing strategic alternatives while advancing the planned separation of Warner Bros. (Streaming & Studios) and Discovery Global, after receiving unsolicited interest from multiple parties for the whole company or individual units.
Bank of America noted Warner Bros.’ premium IP makes it an attractive target, estimating takeout value around $30 per share versus a $24 price target.
Potential deals face regulatory, tax, and financial considerations, with Netflix, Comcast, and Paramount Sky reportedly interested.
The bank maintains its Buy rating, citing the confirmed interest as a floor for the share price ahead of the April 2026 split.
1:50pm: Netflix due
Netflix Inc (NASDAQ:NFLX, ETR:NFC) continues to have Wedbush analysts bullish, with the firm repeating its ‘Outperform’ rating and 12-month price target of $1,500 on the streaming giant, citing steady subscriber growth, growing ad revenue, and strong upcoming content.
Shares of Netflix are up almost 40% in the year to date, trading hands at $1,242 on Tuesday afternoon.
Wedbush expects Netflix’s ad revenue to become the company’s primary revenue driver starting in 2026.
“As Netflix continues to enhance its ads business by expanding partnerships, improving targeting, and adding more live content, its aim of doubling ads revenue this year is entirely achievable,” the analysts wrote.
With planned investments of $18 billion in content spanning movies, high-demand series, games, and live events, Wedbush sees upside potential to Netflix’s 2025 guidance.
12:17pm: Dow at new high
The Dow Jones is hitting new heights Tuesday, climbing 0.6% to 46,992 and setting a fresh intraday record as investors favor big-name blue chips.
The 285-point gain stands in contrast to the broader market, where the S&P 500 and Nasdaq are largely holding steady.
After strong moves over the past two sessions, the tech-heavy Nasdaq and the S&P 500 are hovering near the unchanged line, showing little momentum so far today.
11:20am: Gold pulls back
Gold prices fell sharply on Tuesday, dropping nearly $90 an ounce, while silver slid more than 5% at one point, reversing recent gains.
Analysts say the sell-off reflects stretched valuations and expectations for softer-than-anticipated US CPI data later this week, rather than a single catalyst.
“A shakeout in an asset market is a sign of healthy price action," said Kathleen Brooks, research head at XTB.
"It suggests investors won’t get too far ahead of themselves and limits upside exuberance.”
She added that fundamental drivers—including geopolitical concerns, inflation hedging, and the AI-related silver trade—remain intact, and expects volatility may continue before precious metals resume upward momentum.
10:35am: General Motors beats estimates
General Motors Company (NYSE:GM) shares powered 14% higher in early trading on Tuesday after the automaker saw its third quarter 2025 revenue and earnings top Wall Street forecasts, while the company also raised its guidance for the year.
GM posted adjusted earnings per share (EPS) for the quarter of $2.80 on revenue of $48.59 billion.
Analysts surveyed by LSEG expected adjusted EPS of $2.31 and revenue of $45.27 billion.
The company also lifted its 2025 adjusted EPS forecast to $9.75 to $10.50 from $8.25 to $10.00 previously.
9.55am: Mixed open, GM, Warner Bros, Coke all higher
A mixed open on Wall Street, with the Dow Jones up 47 points or 0.1%, while the S&P 500 is just over seven points in the red, down less than 0.1%.
The Nasdaq has started off with a 0.3% decline and the small-cap Russell 2000 is down 0.7%, reversing some of its gains from the day before, when it was out in front.
General Motors and Warner Bros Discovery are both up over 10%, as the top of the S&P leaderboard.
WBD has launched a strategic review in light of recent takeover interest, with chief executive David Zaslav seeking to continue the plan to divide back into two separate companies, after receiving "unsolicited" takeover interest from "multiple parties".
Coca-Cola and 3M are leading the way on the Dow, up 3.5% and 2.2% after their earnings.
At the front of the Nasdaq retreat is Constellation Energy, down 3.1%, followed by several semiconductor names, including Micron, Marvell and ARM.
Alphabet is the biggest faller among the Mag 7, down 1.5%.
8am: Dow Jones flips to green on earnings boost
US stock futures pared their earlier losses as sentiment became more positive on Tuesday morning following some upbeat earnings releases.
S&P 500 and Dow Jones futures flipped from red to green, though gains were less than 0.1%, while Nasdaq futures remained very slightly negative.
The previous day, the three main stock indices all finished over 1% higher, helped by a near 4% gain from Apple on strong iPhone demand.
Tech-dominant Nasdaq climbed 1.4% as the S&P and Dow both added around 1.1%. The Russell 2000 led the way, jumping almost 2%.
On Tuesday, the rally in gold and silver seemed to have run out of steam, with silver shedding around 4.5% and gold dropping 2.4%.
WTI crude oil was down 0.7% to $57.40 a barrel.
Early earnings releases came from General Motors Company (NYSE:GM), Northrop Grumman Corp (NYSE:NOC, ETR:NTH) and 3M Co (NYSE:MMM) - with earnings upgrades across the trio.
Shares in GM were up 9.3% in premarket trading after the owner of the Chevrolet, Buick and Cadillac vehicle brands reported earnings ahead of expectations and raised its outlook for the full year, helped by a lower expected hit from tariffs.
CEO Mary Barra also said she expects the company to incur future charges related to EVs, but "acting swiftly and decisively to address overcapacity" meant EV losses would be reduced in 2026 and beyond.
3M shares were up 2.2% as it raised its profit forecast for the second straight quarter, as the industrial giant continued cost-cutting and its strategic shift toward high-margin products.
Northrop Grumman shares were down 2% premarket as it missed forecasts, but raised its earnings guidance thanks to accelerated work on its Sentinel missile program.
This followed all five of the earnings the previous day beating the Street on the top and bottom lines.
"This means that nearly 85% of companies that have reported so far (63) this season have crushed it – that is well above the 72% avg at this time during prior earnings seasons," said market analyst Kenny Polcari at Slatestone Wealth in Florida.
"And that alone is enough to send stocks higher – what it says is that apparently the economy is just fine, companies are not issuing cautious guidance in fact quite the opposite.
"Which once again causes me to ask – why exactly are we cutting rates into a strong economy that is still showing signs of sticky inflation?"
He said a reading on the September inflation is now expected to arrive on Friday as the Bureau of Labor Statistics is apparently "calling back some employees to produce the consumer price index for September because the data is needed to calculate the annual cost-of-living adjustment for social security beneficiaries, because under federal law they have to publish that adjustment by November 1st."