Equities Gain Amid Earnings Flurry as GM, Warner Bros. Discovery Lead Charge
U.S. equities edged higher midday Tuesday as corporate earnings took center stage. The Dow and S&P 500 climbed while the Nasdaq oscillated NEAR flatline—a divergence underscoring selective risk appetite amid mixed sector performance.
General Motors accelerated past analyst estimates, its shares surging after raising 2025 guidance. The automaker's bullish outlook signals confidence in EV transition costs and ICE profitability. Warner Bros. Discovery sparked a rally with news of strategic review plans, suggesting potential portfolio optimization in the streaming wars.
Commodity-linked names faltered as Gold retreated from record highs, dragging Newmont's shares downward. The pullback reflects profit-taking after the precious metal's recent safe-haven rally. Meanwhile, NuScale Power tumbled on activist investor pressure regarding its majority stakeholder Fluor—a reminder that corporate governance remains a key valuation driver.
