Health Care Stocks Hit Record Highs, GM Drops Nearly 8%: Stock Market Today
Health care stocks climbed to record highs by midday Tuesday, with defensives and small caps leading a recovery from an early dip.
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GM CFO Says Prices For Copper, Some Steel Products Up 10% - 15% Since July; Commodity Costs Could Worsen By $2B In 2027 If Recent Inflation Trend Holds
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Nasdaq Rises Over 100 Points; 3M Earnings Top Views
U.S. stocks rose Tuesday, led by the Dow, as 3M beat estimates. Braze and Myriad surged, while GM fell; oil and silver gained.
General Motors (GM) Q3 Earnings and Revenues Top Estimates
General Motors reported Q3 2026 earnings of $3.7 per share, beating consensus estimates of $3.55, with revenues of $50.02 billion exceeding expectations by 3.75%. However, GM shares have gained only 1.8% year-to-date versus the S&P 500's 12.4% gain. The stock received a Zacks Rank #3 (Hold) rating, suggesting near-term performance in line with the market. Tesla, also in the automotive sector, is expected to report results on October 21 with revised downward earnings estimates.