GM, Warner Bros. Discovery, 3M, and More

Major U.S. equities indexes were mostly higher at midday Tuesday, after a flurry of corporate earnings reports. The blue-chip Dow Jones Industrial Average and benchmark S&P 500 rose, while the tech-heavy Nasdaq wavered between gains and losses.

General Motors (GM) shares soared to pace the S&P 500 after the automaker reported better-than-expected third-quarter results and boosted its 2025 outlook.

Shares of Warner Bros. Discovery (WBD) shares surged to lead the Nasdaq after the media and entertainment giant said it was initiating a strategic review.

3M (MMM) was the top performer in the Dow after the maker of Post-It notes topped earning estimates and lifted its guidance.

Gold mining firm Newmont (NEM)’s stock dropped along with the price of the precious metal, which sank after setting a new record high earlier Tuesday.

Shares of NuScale Power (SMR) dropped after The Wall Street Journal reported that activist investor Starboard Value had taken a 5% stake in engineering and construction company Fluor (FLR) and belives it should explore options for its nearly 40% stake in modular nuclear reactor firm NuScale.

Philip Morris International (PM) shares pulled back even though the tobacco giant raised its full-year profit guidance.

Oil futures were little changed. The yield on the 10-year Treasury note pulled back. The U.S. dollar gained ground against the pound, euro, and yen. Most major cryptocurrencies traded higher.