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Equity Markets Mixed Ahead of Netflix Earnings
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Equity Markets Mixed Ahead of Netflix Earnings
Oct 21, 2025 11:25 AM

02:04 PM EDT, 10/21/2025 (MT Newswires) -- US benchmark equity indexes were mixed intraday as investors parsed the latest set of corporate earnings and awaited Netflix's ( NFLX ) results.

The Dow Jones Industrial Average was up 0.6% at 46,991.9 after midday Tuesday, while the Nasdaq Composite fell 0.2% to 22,945. The S&P 500 was little changed at 6,737.8. Among sectors, consumer discretionary paced the gainers, while utilities saw the steepest decline.

In company news, General Motors ( GM ) lifted its full-year earnings outlook and lowered expected tariff headwinds, as the automaker's third-quarter results topped market estimates. Its shares jumped 16%, the top gainer on the S&P 500.

Warner Bros. Discovery's ( WBD ) shares surged 10%, the second-best S&P 500 performer, after the media and entertainment giant said it is open to a potential sale as it initiated a review of strategic alternatives after receiving interest from "multiple parties."

Coca-Cola (KO) logged better-than-expected fiscal third-quarter earnings, while the beverage giant's revenue matched Wall Street's estimates amid pricing and volume gains. The company's shares were up 4.1%, the second-best performer on the Dow.

Streaming giant Netflix ( NFLX ) and Texas Instruments ( TXN ) are scheduled to report after the closing bell Tuesday, along with others.

BofA Securities last week expected Netflix's ( NFLX ) results to largely meet its own guidance.

Gold plunged 5.7% at $4,110.50 per troy ounce intraday. Gold prices dropped as the dollar strengthened, D.A. Davidson said in a note.

Silver slumped 7.1% to $47.75 per ounce.

US Treasury yields were lower intraday, with the 10-year rate falling 2.9 basis points to 3.96% and the two-year rate dropping one basis point to 3.46%.

The US federal government shutdown entered its 21st day Tuesday after the Senate once again rejected the House-passed short-term spending bill Monday, NBC News reported. Republican lawmakers were scheduled to meet with President Donald Trump at the White House Tuesday, according to the report.

On Monday, Trump and Australian Prime Minister Anthony Albanese signed a critical minerals framework, the White House said. Both countries aim to invest more than $3 billion together in critical mineral projects over the next six months.

The deal comes amid renewed tensions between the US and China after Beijing recently moved to restrict exports of rare earths minerals, prompting Trump to announce additional 100% tariffs on Chinese goods, effective Nov. 1.

On Monday, Trump said he expected to reach a fair trade deal with his Chinese counterpart, Xi Jinping, as they are likely to meet on the sidelines of an economic conference in South Korea next week, Reuters reported.

West Texas Intermediate crude oil was up 1% at $58.09 a barrel intraday Tuesday.

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