US stock futures edged higher on Tuesday night as traders assessed corporate earnings, with SpaceX shares surging on strong revenue growth and a potential Tesla merger.
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01Summary
- 01Dow Jones Industrial Average futures rose 21 points (0.1%), S&P 500 futures gained 0.3% and Nasdaq-100 futures added 0.8%.
- 02SpaceX shares jumped 8% after reporting 161% revenue growth in the third quarter and forming merger committees with Tesla.
- 03In regular trading, the Dow advanced nearly 530 points (1%) boosted by 3M's shares rising over 5% after raising full-year profit guidance.
- 04Oil prices fell, with West Texas Intermediate crude futures slipping 1.8% and Brent crude losing 0.7%.
- 05Meta Platforms, Tesla, IBM and Southwest Airlines are due to report earnings on Wednesday.
02Why it matters
This earnings season is seen as a key driver for stock markets into year-end, with strong corporate results potentially offsetting concerns over AI investments and geopolitical risks.
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