A trader works at the New York Stock Exchange on October 19, 2026.
New York Stock Exchange
U.S. stock futures were higher Tuesday evening as traders assessed the latest round of earnings reports.
Futures contracts linked to Dow Jones Industrial Average increased by 0.1%. S&P 500 Futures Contracts gained 0.4% and Nasdaq-100 Futures Contracts added almost 1%.
Elon Musk’s actions EspaceX jumped 8% after the company said its revenue rose 161% in the third quarter. Musk also said that SpaceX and Teslaits automaker, formed special committees to discuss a merger. Tesla shares rose 1%.
In regular trading, the Dow Industries advanced nearly 530 points, or 1%, buoyed by a post-earnings jump 3M. Shares gained more than 5% after the industrial products company raised its full-year profit forecast. THE S&P500 gained 0.3%, while the Nasdaq Composite ended the session slightly lower.
Oil prices ended the session slightly lower. West Texas Intermediate Crude Futures slipped 1.8% on the day, while Brent crude futures lost 0.7%.
This earnings season could help propel stocks into the end of the year, according to Christian Mueller-Glissmann, head of asset allocation at Goldman Sachs Research.
“In the near term, there could be more volatility due to (artificial intelligence) concerns, tensions in the Middle East and the midterm elections, but we believe earnings support with lighter positioning and lower valuations should help stocks at the end of the year,” he wrote in a note.
Concerns about the sustainability of AI trading weighed on market sentiment, with traders focusing on debt-backed AI investments and whether demand for infrastructure justifies corporate spending. Reading data storage Seagate Technology added 2% during regular trading on Tuesday, while neocloud stock CoreWeave advanced by more than 1%.
Investors can expect more news on the AI trade on Wednesday, with meta-platforms expected to report after the bell. Earlier this month, the company rolled out its latest AI model, Muse Wonder, which is only available to paid users.
Traders are also watching results from Tesla, IBM and Southwest Airlines, all due Wednesday.
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