US stocks rise as oil, yields ease

RTHK - Oct 20, 2026

US stock indexes ended mostly higher as oil prices and US Treasury yields eased on Tuesday, while French stocks fell as worries about unrest in the country remained. Helping the blue-chip Dow, 3M shares shot up 5.8 percent after it said it was expanding its data-centre partnership with Amazon. Shares of the industrial conglomerate were also boosted by the company raising its full-year profit forecast. After the closing bell, shares of SpaceX rose after the company said its third-quarter revenue more than doubled, beating estimates as AI and Starlink grew. The stock fell 0.1 percent in the regular session. At the same time, Netflix fell in after-hours trading as it gave a disappointing quarterly forecast. The stock was down 1.7 percent in the regular session. Quarterly results from AI heavyweight Meta are scheduled for Wednesday. Investors are looking to corporate earnings for evidence that consumers and the broader economy remain resilient, but also that massive AI spending is paying off. "Investors really are waiting for the growth companies to report. Analysts have raised their estimates... It's going to be by how much do they jump over that elevator bar," said Bruce Zaro, managing director at Granite Wealth Management in Plymouth, Massachusetts. Reflecting some of this nervousness...

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