Stock Market News Today, 10/16/25 – U.S. Stock Futures Rise as Earnings Take the Spotlight

Tip Ranks
2025.10.16 08:58
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U.S. stock futures rose as earnings reports take center stage. The S&P 500 and Nasdaq Composite gained 0.4% and 0.7%, while the Dow Jones dipped slightly. Key earnings from Charles Schwab, KeyCorp, and Interactive Brokers are anticipated. Taiwan Semiconductor reported a 39% increase in Q3 earnings. Salesforce stock rose 4% on positive targets, while Hewlett Packard fell 9.5% due to a weak outlook. Mixed trading was observed in European and Asia-Pacific markets, with South Korea's Kospi reaching a record high amid improved growth forecasts.

In Wednesday's regular trading session, major stock indices were choppy. The S&P 500 and the Nasdaq Composite closed higher by 0.4% and 0.7%, respectively, while the Dow Jones was down 0.04%.

Looking ahead, investors will focus today on earnings reports from Charles Schwab (SCHW), KeyCorp (KEY), and Interactive Brokers (IBKR). Notably, Taiwan Semiconductor Manufacturing Company (TSM) reported a 39% jump in its Q3 earnings, driven by robust demand for its artificial intelligence (AI) chips.

In Thursday's pre-market trading, Salesforce (CRM) stock was up 4% after the company announced encouraging financial targets. In contrast, Hewlett Packard (HPE) stock was down 9.5% as of writing, as the tech company announced a weaker-than-expected Fiscal 2026 outlook.

Meanwhile, the U.S. 10-year Treasury yield was down, floating near 4.028%. WTI crude oil futures were trending higher, hovering near $59.05 per barrel as of the last check. Additionally, the Gold Spot U.S. dollar price fell to nearly $4,234 per ounce, as of writing.

Elsewhere, European stocks were mixed during early trading on Thursday, continuing the volatility that has characterized this week. Interestingly, Nestle (DE:NESM) (NSRGY) stock rallied after the consumer staples giant announced its plan to slash 16,000 jobs amid CEO Philipp Navratil's efforts to accelerate a turnaround.

Asia-Pacific Markets Closed Mixed on Thursday

Asia-Pacific markets closed mixed today amid the ongoing trade tensions between the U.S. and China. South Korea's Kospi index hit a record high today, after the International Monetary Fund (IMF) upgraded its 2025 growth forecast for the country to 0.9% from 0.8% in its October outlook report.

Meanwhile, Hong Kong's Hang Seng Index ended lower by 0.08%. In China, the Shanghai Composite gained 0.10% while the Shenzhen Component fell 0.25%. Japan's Nikkei rose 1.27%, and the Topix closed higher by 0.62%.

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