Stock Futures Tick Lower on Busy Earnings Day; GM Shares Surge on Strong Results, Boosted Outlook

Stock futures pointed slightly lower to begin a busy day of corporate news Tuesday, with several major companies set to report quarterly results. 

Futures associated with the tech-heavy Nasdaq were down roughly 0.1%, while those affiliated with the blue-chip Dow Jones Industrial Average and benchmark S&P 500 were fractionally lower. Yesterday, the three major indexes closed up between 1.1% and 1.4%.

Tuesday represents the 21st day of the U.S. government shutdown, but National Economic Council director Kevin Hassett told CNBC yesterday that it “is likely to end sometime this week.” Meanwhile, President Donald Trump said Monday that he is optimistic the U.S. will be able to agree to a “really fair and really great trade deal” with China after tensions between the nations led to volatile trading last week.

Gold futures, which remain a safe haven amid market volatility, pulled back 2% to $4,275 after hitting a fresh record of $4,393 early Tuesday. The 10-year Treasury yield, which influences borrowing costs of products like mortgages, was little changed and near a six-month low at 3.98%.

Bitcoin was at $108,500, down from an overnight high of around $111,250. The U.S. dollar index, which tracks the value of the greenback against a basket of foreign currencies, was up 0.4% to 98.95. West Texas Intermediate crude oil futures rose 1% to $58.05 a barrel.

In corporate news, General Motors (GM) shares surged 9% in premarket trading after the automaker reported better-than-expected third-quarter results and boosted its 2025 outlook; Coca-Cola (KO) stock rose 2.5% after its Q3 profit topped expectations; and shares of Netflix (NFLX), which reports results after the close Tuesday, ticked higher.

Apple (AAPL) shares pulled back slightly after rising 4% yesterday to an all-time high following a report suggesting strong demand for the company’s new iPhone 17 series in the U.S. and China. Shares of Amazon (AMZN), whose cloud-computing unit AWS suffered a widespread outage yesterday, were up 0.4%.

Oracle (ORCL) shares, which dropped 11% over the past two sessions after several Wall Street analysts raised concerns about the company’s capital expenditure plans and reliance on revenue from OpenAI, ticked higher.