Yahoo Finance·2025-10-23 20:04Market Overview - US stocks experienced gains, with the Nasdaq Composite rising 0.9%, S&P 500 increasing by 0.6%, and Dow Jones Industrial Average up by 0.3% [1] - Investors reacted to quarterly results from major companies, including Tesla and IBM, which reported earnings that fell short of expectations [1] Company Performance - Tesla shares recovered to gain 2% after mixed third-quarter results, marking the beginning of the "Magnificent Seven" earnings cycle [3] - IBM stock declined approximately 1% as stronger-than-expected profits were countered by disappointing software revenue [3] - American Airlines stock surged after the company provided fourth-quarter earnings guidance that exceeded expectations [4] - T-Mobile shares dipped despite a larger-than-expected growth in its customer base [4] - Intel's upcoming quarterly results are highly anticipated as the company continues to struggle [4] Industry Developments - Oil futures increased by over 5% following US sanctions on major Russian producers, with Brent crude settling above $65 per barrel and West Texas Intermediate above $61 [2] - The Trump administration is exploring investments in quantum computing companies, leading to a surge in shares of IonQ and Rigetti Computing [5] Economic Indicators - The delayed release of the September Consumer Price Index report is expected to provide insights into the inflation landscape amid a government shutdown [6]