Stock Market Update
21-Oct-25 08:33 ET
Futures point to flat open amid earnings reports
Market is Closed
[BRIEFING.COM] S&P futures vs fair value: +3.00. Nasdaq futures vs fair value: +10.00.
The S&P 500 futures currently trade three points above fair value.
This morning's earnings reports continue to beat expectations, with a majority of names that reported ticking higher as a result.
General Motors (GM 64.50, +6.50, +11.2%) is the early standout, surging double digits in the pre-market after beating EPS and revenue expectations and raising its FY25 EPS guidance. Importantly, the company expects the impacts of tariffs to be lighter than previously thought.
Meanwhile, the mega-cap cohort (many of which report earnings next week) sit mixed in the pre-market, keeping futures flattish.
In Washington, Politico reports that Republicans are discussing a longer continuing resolution to fund the government into 2026 while promising Democrats to hold a separate vote on Obamacare subsidies.
