Stock Market Today: SPCX, NFLX & UAL Earnings

Marley Kayden (0:00)

Welcome to The Wrap. I'm Marley Kayden, here to take you through today's market action. Let's take a look at where the market's closed to end the day. The S&P 500 closed higher by a quarter of 1%. The Dow gained 1%. The Nasdaq 100 was slightly below the unchanged line, closing lower by a tenth of a percent. And the small cap Russell 2000 was the big leader on the session higher by more than 1.5%.

As we look at the leading and lagging sectors on the day, healthcare gained more than 2%.

Real estate was higher by more than 1.5%, and utilities gained just over 1%. To the downside, communication services were lower by just shy of 1%, and technology was down a third of 1%.

As we look at stocks that were on the move today, shares of Netflix currently lower after reporting a double miss on its third quarter earnings. The company reported earnings per share of 59 cents on revenue of $11.51 billion. Both were below the estimates. Netflix did announce it will introduce an advertising tier to 15 new countries in 2027, but it also narrowed its revenue outlook for the full year. SpaceX is higher after hours, though, after the company reported a profit for the third quarter. It was a huge beat on EPS, coming in at 35 cents versus the estimate looking for 12 Revenue came in at $14.58 billion versus the estimate looking for $12.74. That represented year-over-year growth of 161%.

AI revenue came in at $7.56 billion against an estimate looking for $6.3 billion, and its capex for the quarter came in below estimates at $16.44 billion. United Airlines is lower in after-hours trading despite its operating revenue rising 17% to set an all-time high for the company. Total revenue per available seat mile rose 16%, and the company said that its fuel expenses rose 62%. United Airlines is expecting fourth-quarter total operating revenue growth to accelerate versus the third quarter. As we look ahead at what we're watching for on Wednesday, it's a slow day for data as we'll get mortgage apps, Atlanta Fed business expectations, and a treasury buyback announcement, but on the earnings front, it's a big day. In the morning, we will hear from AT&T, Abbott Labs, Philip Morris. After the close, we'll get earnings reports from Tesla, Meta, IBM, Lamb Research, and Texas Instruments, to name a few. That is going to do it for the wrap. I'm Marley Kayden. Remember, you can tune in 24 seven to schwabnetwork.com and subscribe to our YouTube channel.