General Motors (GM) reported better-than-expected third-quarter results and increased its 2025 outlook, causing its shares to soar and lead the S&P 500. Warner Bros. Discovery (WBD) saw a surge in shares on Nasdaq after announcing a strategic review. 3M (MMM) topped earnings estimates, lifting its guidance, and becoming the top performer in the Dow. Gold mining firm Newmont (NEM) saw its stock drop as the price of gold sank after hitting a record high. NuScale Power (SMR) shares fell after activist investor Starboard Value acquired a 5% stake in Fluor (FLR) and suggested exploring options for the nearly 40% stake in NuScale. Philip Morris International (PM) shares dipped despite raising full-year profit guidance. Oil futures remained stable, the 10-year Treasury yield pulled back, and the U.S. dollar strengthened against the pound, euro, and yen, while most major cryptocurrencies traded higher.
Read more at Yahoo Finance: GM, Warner Bros. Discovery, 3M, and More
