Traders enactment connected the level of the New York Stock Exchange (NYSE) connected Oct. 20, 2025 successful New York City.
Spencer Platt | Getty Images
Stock futures were small changed Tuesday nighttime aft a record-setting league powered by beardown firm earnings.
Futures tied to the Dow Jones Industrial Average edged higher by 17 points, hovering beneath the flatline. S&P 500 futures roseate marginally, portion Nasdaq 100 futures dipped 0.1%.
Tuesday evening saw a flurry of net reports. In after-hours trading, Netflix shares slumped 6% aft the institution posted an net miss, portion Intuitive Surgical shares rallied astir 16% connected the backmost of its beardown net and gross results.
Strong quarterly results fixed earlier from companies specified as Coca-Cola had powered the Dow Jones Industrial Average to a caller precocious supra 47,000 astatine 1 constituent Tuesday. The 30-stock scale closed the league conscionable beneath that people astatine a grounds high.
The S&P 500 was comparatively unchanged to extremity the day, meanwhile, and the Nasdaq Composite finished somewhat little arsenic immoderate risk-on exertion names mislaid steam. President Donald Trump commented astir his expected gathering adjacent week with Chinese President Xi Jinping, noting that "maybe it won't happen. That prompted uncertainty astir commercialized tensions betwixt the U.S. and China that could pb to higher tariff rates and issues that could interaction the semiconductor industry.
Still, investors are hopeful that the flurry of upcoming net reports could beryllium the adjacent catalyst that U.S. equities request to support rallying. Tesla's net expected Wednesday aft the doorbell volition footwear disconnected highly-awaited reports from the "Magnificent Seven" megacap tech group. More than three-quarters of the S&P 500 companies that person posted results truthful acold person beaten expectations, according to FactSet.
"Ultimately, if net travel successful amended than expected, and if the tech stocks truly beryllium that the AI commercialized is intact, you person your adjacent limb higher from here," Alicia Levine, BNY Wealth caput of concern strategy and equities, said connected CNBC's "Closing Bell."
"You truly person to get done that 6,800 level connected the S&P to truly beryllium convinced that there's different limb here. That's connected the method side, but connected the cardinal side, I deliberation we get there," Levine added.
The September consumer terms scale study owed Friday is different cardinal lawsuit traders are awaiting this week, peculiarly due to the fact that each different information releases person been suspended during the U.S. authorities shutdown. The ostentation information should springiness cardinal bankers much accusation up of their upcoming gathering successful precocious October. Markets are wide expecting the Federal Reserve to denote a 4th percent constituent simplification successful the overnight borrowing rate, and apt different chopped successful December.
Mounting hazard of wider losses for U.S. banks from non-bank lending, Fitch Ratings says
Losses connected loans tied to non-bank fiscal institutions (NBFIs) made by U.S. determination banks "may awesome broader hazard from this fast-growing indebtedness segment," adjacent if caller cases beryllium fraud-related and idiosyncratic, Fitch Ratings said successful a study retired Monday.
"Rapid enlargement of NBFI exposures increases the accidental that concentrated counterparties, combined with anemic underwriting, could unit slope net and sentiment beyond individually affected banks," the recognition standing bureau said.
Loans to NFBIs reached immoderate $1.2 trillion arsenic of June 30, representing 10% of full slope loans, up from 3% successful 2015, Fitch said. Industry-wide, indebtedness maturation to NFBIs averaged 11% annually implicit the past decennary but was acold faster, astatine 35% a twelvemonth among banks with assets betwixt $10 cardinal and $250 billion.
Fitch said smaller banks person grown their indebtedness books to NFBIs much rapidly than their larger rivals, noting successful an travel illustration that Time Bank loans arsenic a percent of full assets were precocious astatine 10.6%; Synovus Bank NFBI loans totaled 8.2% of its book; Webster Bank stood astatine 7%; Tristate Capital Bank astatine 5.6%; and Huntington National Bank astatine 5.0%.
— Scott Schnipper
Netflix, Mattel among stocks moving Tuesday evening
Check retired the companies making headlines successful after-hours trading.
- Mattel — The artifact shaper dropped 7% aft it reported weaker-than-expected results for the 3rd quarter, driven by little income successful its North American business. Mattel posted adjusted net of 89 cents per stock connected $1.74 cardinal successful revenue. Analysts surveyed by LSEG had called for $1.07 successful net per stock and $1.83 cardinal successful revenue.
- Netflix — The streamer dropped much than 4% aft it missed Wall Street's net estimates. For the 3rd quarter, Netflix reported adjusted net of $5.87 per share. Analysts polled by LSEG expected $6.97 per stock successful profit. The company's gross of $11.51 cardinal for the play matched analysts' estimates. Netflix attributed its weaker-than-forecasted results to an ongoing quality with Brazilian taxation authorities.
- DraftKings — The gambling banal jumped astir 6.7% aft DraftKings said it is acquiring predictions level Railbird.
- Western Alliance — The determination slope gained much than 3% connected better-than-expected net for the 3rd quarter. Western Alliance earned $2.28 per stock connected gross of $938 million. Analysts polled by LSEG expected a nett of $2.09 per stock connected gross of $890 million. Loss provisions did travel successful astatine $80 million, supra a StreetAccount estimation of $42 million.
For the afloat list, work here.
— Pia Singh
English (US) ·