General Motors (GM) shares surged 15% after exceeding sales and profit expectations for the third quarter. The carmaker lowered its tariff cost forecast and announced a $1.6 billion loss tied to reevaluating its electric vehicle strategy. Halliburton (HAL) also beat revenue estimates, with shares climbing 12% after a strategic agreement with VoltaGrid.

Warner Bros. Discovery (WBD) shares rose 11% following news of a potential sale. Gold prices plummeted over 5%, impacting Newmont (NEM) shares, which dropped more than 9%. Philip Morris International (PM) surpassed revenue estimates but saw a 3.8% decline in shares. Quest Diagnostics (DGX) shares fell 3.1% post-earnings report.

Major U.S. equities indexes closed mixed as investors assessed corporate earnings reports. The S&P 500 remained stable, while the Dow increased by 0.5% and the Nasdaq declined by 0.2%. Gold prices fell sharply, with futures plunging over 5% amidst easing geopolitical tensions. Warner Bros. Discovery announced a strategic review amid sale interest.

Read more at Yahoo Finance: GM Stock Speeds Higher; Newmont Sinks as Gold Retreats