Today At A Glance:

Stocks were mixed-to-firmer at the close as earnings did the heavy lifting: the Dow pushed to a fresh intraday record while the S&P 500 hovered just shy of its all-time high and the Nasdaq was little changed. Big moves came from General Motors (post-earnings surge), Warner Bros. Discovery (strategic review), and RTX (raised outlook), while gold miners slumped as bullion dropped sharply from this morning’s record. Breadth leaned positive and cyclicals outperformed; megacap tech was uneven with some profit-taking. Traders continued to operate with limited macro data amid the ongoing federal data-release disruptions, keeping the focus squarely on corporate results. Net result: a constructive day for industrials/defense and select consumer names as the tape awaits more mega-cap prints.

Today’s Index Performance:

• Dow Jones Industrial Average — The Dow opened today at 46,707.08 and closed today at 46,978.41, with the percentage change of +0.58%.
• S&P 500 — The S&P 500 opened today at 6,736.75 and closed today at 6,750.20, with the percentage change of +0.20%.
• Nasdaq Composite — The Nasdaq opened today at 22,984.60 and closed today at 23,010.35, with the percentage change of +0.11%.

Gainers Of Note:

• General Motors (NYSE: GM) — U.S. automaker; surged ~15–16% after a strong Q3 beat and a raised 2025 outlook, topping S&P 500 gainers.
• Warner Bros. Discovery (NASDAQ: WBD) — Media & streaming; jumped ~11% after the board announced a review of “strategic alternatives” amid unsolicited interest, fueling buyout/speculation chatter.
• RTX (NYSE: RTX) — Aerospace & defense; rose ~6–8% on an earnings beat and raised full-year guidance, with strength across Raytheon/Collins/Pratt & Whitney.

Losers Of Note:

• Newmont (NYSE: NEM) — Gold miner; fell ~9% as gold futures retreated more than 5% from a fresh record set earlier in the day.
• NuScale Power (NYSE: SMR) — Small modular nuclear; slid after activist headlines around Fluor’s large stake stoked uncertainty over NuScale’s path forward.
• Alphabet (NASDAQ: GOOGL) — Search/AI; edged lower (~2%) amid rotation out of megacap tech as cyclicals/defense led the session.

Active Traders Of Note:

• Apple (NASDAQ: AAPL) — Consumer tech; heavy volume following Monday’s record close tied to strong iPhone 17 demand and a broker upgrade.
• Tesla (NASDAQ: TSLA) — EVs & energy; brisk trading ahead of this week’s results as investors handicapped margins and AI/FSD commentary.
• 3M (NYSE: MMM) — Industrials; active on a solid earnings beat and guidance raise that helped power the Dow’s advance.

Looking Forward:

With indexes near records, leadership may continue to favor earnings winners in autos, staples, and defense while mega-cap tech trades stock-specific headlines. Watch for after-hours and tomorrow’s prints (streaming, AI infrastructure, and consumer bellwethers) to set the next tone for risk appetite. Given thin macro data, guidance on capex, pricing, and order backlogs will likely drive sector rotations day to day.

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