It's Halloween and US stocks are poised to surge at the open.
Accelerating north ahead of the bell is car giant General Motors Company (NYSE:GM), which raced up 8.35% to $36.34.
It came after the automaker released third-quarter earnings, which sped past Wall Street expectations due to strong truck sales.
General Motors’s operating profit jumped 25%, as the auto maker sold more pricey trucks and SUVs in its home market https://t.co/FT8Zywx47Q
— The Wall Street Journal (@WSJ) 31 October 2018
"Our disciplined approach to the U.S. market, combined with strength in China and further growth of GM Financial, drove a very strong quarter," said GM CFO Dhivya Suryadevara.
"We will continue to take actions to mitigate headwinds including foreign currency volatility and commodity costs."
Adjusted earnings per share (EPS) came in at $1.87, versus $1.25, which had been expected. Revenue was $35.79 billion against $34.85 expected.
Also making waves before the bell is Arconic Inc (NYSE:ARNC) whose shares surged over 8% in pre-market to $21.30.
It came after a Reuters report said that a deal with Apollo Global Management on buying the firm could be reached as early as next week.
Yesterday, the group reported third-quarter profit, which beat estimates and raised its guidance for the year.
Facebook (NASDAQ:FB) shares were also in focus before the bell.
The social media behemoth posted results after the New York bell, which were a mixed bag.
The third quarter revenue jumped 33% to $13.73 billion, which was less than expected. User growth figures also missed estimates.
However, for the three months, earnings per share (EPS) of $1.76 topped Wall Street's estimates.
Facebook shares added 4.77% to $153.27 before the bell. It closed the Tuesday session up 2.91%.
If precious gemstones are your thing, then an emerald story today will have caught your eye this week.
Gemfields has announced the discovery of a whopping 5,655-carat emerald crystal, named Inkalamu or the lion emerald, in its majority owned Kagem mine in Zambia.
The stone was reportedly found by geologist Debapriya Rakshit and miner Richard Kapeta and has been named “Inkalamu”, after the lion, in honour of the animal conservation work in the area.
In other news, Electronic Arts Inc (NASDAQ:EA) shares shed 3.21% before the bell to $91.79 despite earnings beating expectations for the quarter.
The video game company reported earnings of $0.83 versus $0.58 cents per share that analysts had expected.
Revenue came in at $1.22 billion, against Wall Street estimates of $1.18 billion.
Last but not least, the cell phone network provider T-Mobile US (NASDAQ:TMUS) was up 5.2% at $67.25 in the pre-market session after its latest quarterly revenue and profit whizzed past forecasts.
T-Mobile, which posted a profit of $0.93 per share, finished the third quarter with 774,000 more postpaid phone customers.