Dow, S&P 500, Nasdaq futures climb with rate-cut bets, earnings season in focus

🚕 Waymo to launch autonomous ride-hailing service in London next year

Alphabet's Waymo plans to launch its fully driverless ride-hailing service in London in 2026, the robotaxi firm said on Wednesday, as it looks to expand its footprint to major international cities.

Waymo has grown slowly but steadily over the years in the United States despite tough regulations and expensive technology. Now, it is picking up speed through partnerships with ride-hailing platforms and fleet operators at a time when Tesla is rolling out its long-promised robotaxi service in the country. Reuters reports.


💰 Financials up on strong earnings

Shares of banks and other financial institutions rose after a generally strong round of earnings. Goldman Sachs Group slipped even after the Wall Street bank's earnings surpassed expectations as a wave of deal activity buoyed its investment bank.

Goldman and other banks sold off amid fears that rising trade tensions with China and muted jobs growth would lead to a slowdown in financial activity.

Those fears were allayed somewhat by comments from Federal Reserve Chairman Jerome Powell, hinting at a further loosening of monetary policy.

JPMorgan Chase rose after strength in Wall Street trading and Main Street lending operations bolstered third-quarter earnings at the largest US bank by assets. MarketScreener reports.


🚜 Nova Minerals stock soars after announcing White House interest in Alaska mining project

Shares of small-cap mining company Nova Minerals (NVA) gained more than 55% in the first hour of the trading session on Tuesday after briefly doubling before the open following an announcement from the company of a request from the Trump administration to prepare briefs on one of its gold and minerals extraction sites.

Australia-based Nova Minerals announced in a press release early Tuesday morning that the US ambassador to Australia has asked the company to prepare a briefing on the miner's Estelle Gold and Critical Minerals Project in Alaska ahead of an upcoming meeting between President Trump and Australian Prime Minister Anthony Albanese. Yahoo Finance reports.


🚙 GM will take a $1.6 billion hit as it predicts a drop in EV demand.

General Motors Co. said it would take a $1.6 billion charge and pull back on planned electric-vehicle investments after the federal government scrapped a key tax credit.

The company said $1.2 billion of the charge is related to adjustments to its EV capacity, according to a Tuesday filing with the US Securities and Exchange Commission.

The remaining $400 million is primarily tied to fees for contract cancellations and commercial settlements related to its investments in EVs. MarketWatch reports.


🤖 Oracle–AMD chip deal: Is AMD emerging as an Nvidia alternative?

Oracle has announced plans to deploy 50,000 of AMD's artificial intelligence (AI) chips. Yahoo Finance reports.

*Estimate and Actual numbers represent Earnings Per Share in US Dollars


ASML: ASML Holding
Q3 2025
Before Market Open
Estimate: 6.360
Actual: 6.419

PGR: Progressive
Q3 2025
Before Market Open
Estimate: 5.030
Actual: N/A

BAC: Bank of America
Q3 2025
Before Market Open
Estimate: 0.940
Actual: N/A

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