Key facts
- 3M shares rose significantly after expanding its data-center partnership with Amazon and raising its full-year profit forecast.
- SpaceX said its third-quarter revenue more than doubled, beating estimates.
- Netflix fell in after-hours trading after giving a disappointing quarterly forecast.
- South Korean AI infrastructure company Elice Group fell 32% below its IPO price in its market debut.
- The yield on the benchmark US 10-year Treasury note was down 1.5 basis points at 5.121%.
US stock indexes ended mostly higher on Tuesday as oil prices and Treasury yields eased, while French stocks fell as worries about unrest in the country remained. The Dow Jones Industrial Average rose 529.85 points, or 1.02%, to 52,495.88. The S&P 500 rose 21.84 points, or 0.28%, to 7,712.57, and the Nasdaq Composite fell 6.07 points, or 0.02%, to 26,424.82. MSCI's gauge of stocks across the globe rose 0.42 points, or 0.04%, to 1,130.40. French stocks fell 0.38%, while the pan-European STOXX 600 index was down 0.14%. European semiconductor companies including ASML and ASMI were lower. France's 10-year OAT yield was up 3 basis points at 4.96%. The euro was up 0.22% at $1.1235, while the dollar index fell 0.25% to 101.71. Investors are looking to corporate earnings for evidence that consumers and the broader economy remain resilient, but also that massive AI spending is paying off. "Investors really are waiting for the growth companies to report. Analysts have raised their estimates ... It's going to be by how much do they jump over that elevator bar," said Bruce Zaro, managing director at Granite Wealth Management. Reflecting some of this nervousness was a 32% drop in South Korean AI infrastructure company Elice Group, when the stock fell below its initial public offering price in its market debut. Longer-dated US Treasury yields dropped, with the yield on the benchmark US 10-year Treasury note down 1.5 basis points at 5.121%. Expectations for a rate hike of at least 25 basis points from the Federal Reserve at its policy meeting next week stand at 17.2%, according to CME FedWatch. "This is a market relieved that rates have come down, relieved that there's less volatility in oil prices, even though they remain elevated," said Jake Dollarhide, CEO of Longbow Asset Management.