Top Stock Movers Now: GM, Warner Bros. Discovery, 3M, and More

Mauricio Palos / Bloomberg via Getty Images GM reported better-than-expected results and boosted its full-year outlook

Key Takeaways

Major U.S. equities indexes were mostly higher at midday Tuesday, after a flurry of corporate earnings reports. General Motors shares surged after the automaker reported better-than-expected earnings and boosted its outlook. Gold mining firm Newmont's stock dropped along with the price of the precious metal.

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.

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