Stock market today: Dow, S&P 500, Nasdaq rise as oil jumps, fresh earnings roll in after Tesla's flop

Market Overview - US stocks experienced gains with the Nasdaq Composite leading at a rise of 0.5%, followed by the S&P 500 at 0.4%, and the Dow Jones Industrial Average increasing by 0.15% [1] Oil Market - Oil futures surged approximately 5% due to US sanctions on major Russian producers, with Brent crude nearing $66 per barrel and West Texas Intermediate trading above $61 [2] Company Earnings - Tesla shares fell nearly 4% after reporting mixed third-quarter results, while IBM stock also dropped around 4% despite stronger-than-expected profits, as software revenue met expectations but disappointed investors [3] - American Airlines stock rose after the company provided fourth-quarter earnings guidance that exceeded expectations, while T-Mobile shares dipped despite a larger-than-expected growth in customer base [4] Trade Relations - China announced upcoming talks with US officials, and President Trump indicated a scheduled meeting with Chinese President Xi, which may provide reassurance to markets amid rising tensions [5] Quantum Computing Sector - The Trump administration is reportedly in discussions to acquire stakes in several quantum computing companies, leading to a surge in shares of targeted firms such as IonQ and Rigetti Computing [6]