Post-Bell | Wall Street Ends Mixed; Beyond Meat Soars 146%; Amazon Jumps 3%; Alphabet Drops 2%; Tesla Falls 1%

U.S. stocks closed mixed with the Dow out front on Tuesday, as a string of solid earnings lured investors to industrials and capital goods.

Market Snapshot

The Dow Jones Industrial Average rose 218.16 points, or 0.47%, to 46,924.74, the S&P 500 gained 0.22 points, or 0.00%, to 6,735.35 and the Nasdaq Composite lost 36.88 points, or 0.16%, to 22,953.67.

Market Movers

Beyond Meat - Beyond Meat has regained a bit of its meme mojo status, surging more than 146% on Tuesday in its best day ever.

The food company known for its plant-based meat alternatives is having an incredible week, with shares surging more than 127% Monday after Roundhill Investments, which develops thematic ETFs, added the name to its Roundhill Meme Stock ETF (MEME). It continued that rally on Tuesday, when Beyond Meat announced a deal with Walmart to expand distribution to more stores across the U.S.

Amazon - Amazon.com shares gained 2.6%, a day after its cloud computing business, Amazon Web Services, suffered a major outage, disrupting numerous websites and social-media platforms. The root cause of the outage was “an underlying internal subsystem responsible for monitoring the health of our network load balancers,” AWS said. By late Monday, the company said all AWS services had returned to normal operations.

Alphabet - Alphabet fell 2.4% after ChatGPT maker OpenAI unveiled Atlas, an AI-powered web browser with an AI chat sidebar and an “agent” feature to handle tasks like online shopping. OpenAI CEO Sam Altman said the project was still in its early days. The advent of the browser is seen as a threat to Google Chrome, which currently dominates the worldwide browser market.

On Monday, Oppenheimer analysts said Alphabet was closer than Meta Platforms to seeing returns on its artificial-intelligence investments, making it the better bet for the short term.

Tesla - Shares of electric-vehicle maker Tesla fell 1.1%. Tesla is scheduled toreport third-quarter earningsafter the closing bell Wednesday. Wall Street expects earnings in the period of 55 cents a share on revenue of $27.2 billion. Tesla already has announced it delivered a record 497,099 cars in the third quarter, about 54,000 vehicles more than analysts’ projected.

General Motors - General Motors soared 14.9% after the auto maker posted better-than-expected third-quarter earnings. GM reported quarterly operating profit of $3.1 billion from revenue of $48.6 billion. Wall Street was looking for an operating profit of $2.7 billion from revenue of $45 billion.

Warner Bros. Discovery - Warner Bros. Discovery jumped 11% after the entertainment company said it has begun a review of strategic alternatives, including a sale, following interest it has received from multiple parties. The company said its board will look into a range of strategic options, including continuing the process of breaking up into two publicly listed entertainment companies by 2026, which was announced inJune.

Coca-Cola - Coca-Cola rose 4.1% after the beverage giant posted better-than-expected earnings in the third quarter and said it was confident it could deliver on its full-year guidance. The company said it remains on track to deliver 2025 adjusted organic revenue growth of 5% to 6%, and adjusted earnings up 3% from $2.88 a share in 2024.

3M - 3M gained 7.7% after reporting quarterly earnings that were better than Wall Street forecasts. The company posted adjusted earnings of $2.19 a share from adjusted sales of $6.3 billion. Wall Street was looking for profit of $2.07 a share from sales of $6.3 billion, according to Bloomberg. Full-year earnings guidance was raised to a range of $7.95 to $8.05 a share from $7.75 to $8.

Lockheed Martin - Lockheed Martin fell 3.2%. The military contractor reported third-quarter earnings of $6.95 a share on sales of $18.6 billion. Wall Street was looking for earnings of $6.38 a share on sales of $18.6 billion. Lockheed also increased its full-year earnings outlook.

RTX Corp - RTX gained 7.7% after the aerospace and defense company posted better-than-expected third-quarter earnings. RTX reported earnings of $1.70 a share on sales of $22.5 billion, which rose 12% from a year earlier. Wall Street had expected earnings of $1.41 on sales of $21.3 billion.

GE Aerospace - GE Aerospace rose 1.3% after third-quarter adjusted earnings of $1.66 a share topped Wall Street expectations of $1.46. Revenue of $12.2 billion smashed estimates of $10.4 billion, and the maker of jet engines raised its fiscal-year earnings estimates.

Danaher - Danaher, the life sciences and diagnostics company, reported third-quarter sales and profit that rose from a year earlier. Shares rose 5.9%. Adjusted earnings of $1.89 a share topped analysts’ estimates of $1.72. Sales in the period were $6.05 billion in sales, up from $5.8 billion a year earlier and better than Wall Street expectations of $6 billion.

Newmont Mining - Newmont, one of the world’s largest gold miners, declined 9% as gold prices sank 5.3% to $4,127 per ounce.

Philip Morris - Philip Morris International beat quarterly earnings expectations but the stock dropped 3.8% after the tobacco company only lifted the floor of itsfull-year 2025 guidance, disappointing investors.

Apple - Apple rose 0.2% to $262.77, which is its second record close in as many days. Apple’s market cap of $3.9 trillion puts it in front ofMicrosoftfor as the second-largest U.S. company by market cap behindNvidia. Driving the gains this week was a report on Monday suggestingstrong iPhone 17 salesand an upgrade to Buy from analysts at Loop Capital.

Netflix - Netflix rose 0.2%. The streaming giant was scheduled to report third-quarter earnings after the closing bell Tuesday.

Market News

Netflix Misses Earnings Targets After Tax Dispute in Brazil

Netflix missed Wall Street's third-quarter earnings targets because of an unexpected expense from a dispute with Brazilian tax authorities while it offered a forecast a touch ahead of Wall Street projections for the rest of the year.

The report failed to impress investors accustomed to fast-paced growth from the streaming video pioneer. Shares of Netflix, which had risen 39% this year ahead of the earnings report, fell in after-hours trading on Tuesday.

Netflix posted net income of $2.5 billion and diluted earnings-per-share of $5.87 for July through September, a period when the animated "K-Pop Demon Hunters" became the most-watched movie in Netflix history. Analysts had expected $3.0 billion and $6.97, respectively, according to LSEG.

OpenAI Launches AI Browser Atlas in Latest Challenge to Google

OpenAI on Tuesday unveiled ChatGPT Atlas, a long-anticipated artificial intelligence-powered web browser built around its popular chatbot, in a direct challenge to Google Chrome’s dominance.

The launch marks OpenAI’s latest move to capitalize on 800 million weekly active ChatGPT users, as it expands into more aspects of users' online lives by collecting data about consumers' browser behavior. It could accelerate a broader shift toward AI-driven search, as users increasingly turn to conversational tools that synthesize information instead of relying on traditional keyword-based results from Google — intensifying competition between OpenAI and Google.

Anthropic, Google in Talks on Cloud Deal Worth Tens of Billions, Bloomberg News Reports

AI startup Anthropic is in talks with Google to secure additional computing power valued in the high tens of billions of dollars, Bloomberg News reported on Tuesday, citing people familiar with the matter.

The deal, which has not been finalized yet, includes Alphabet's Google providing cloud computing services to Anthropic, according to the report.

Anthropic, which counts Google and Amazon.com as its major investors, is the creator of the Claude chatbot and competes with OpenAI's ChatGPT for AI dominance.