Morning Movers: Charles Schwab rises following third quarter earnings

Stock futures are rising as optimism around AI and chip earnings is fueling strength in tech and semiconductors. Taiwan Semiconductor’s better-than-expected results and upward revision of its annual guidance helped lift confidence across the supply chain, with names like Nvidia, Micron, and Broadcom reacting.

Banking names are also getting a boost after a string of solid Q3 results, helping lift the S&P 500’s financials index for its first three-day win streak in weeks. The expectation that the Federal Reserve will continue easing rates is underpinning risk appetite.

On the commodity front, gold extended its rally, touching fresh records as investors seek safety amid renewed U.S.–China tensions, the prolonged government shutdown, and growing rate-cut expectations.

Meanwhile, oil prices are trading higher after President Trump claimed India pledged to stop buying Russian crude, tightening global supply dynamics. 

In pre-market trading, S&P 500 futures rose 0.42%, Nasdaq futures rose 0.64% and Dow futures rose 0.24%.

Check out this morning’s top movers from around Wall Street, compiled by The Fly.

HIGHER –

• Jack in the Box (JACK) up 2% after entering into a definitive agreement to sell Del Taco to Yadav Enterprises for $115M in cash
• Salesforce (CRM) up 6% after issuing guidance at DreamForce

UP AFTER EARNINGS –

• Charles Schwab (SCHW) up 2%
• TSMC (TSM) up 2%
• U.S. Bancorp (USB) up 1%
• KeyCorp (KEY) up 1%
• M&T Bank (MTB) up 1%

DOWN AFTER EARNINGS –

• Travelers (TRV) down 5%
• Marsh McLennan (MMC) down 3%
• BNY Mellon (BK) up 1%

LOWER –

• HP Enterprise (HPE) down 8% after issuing FY26 guidance at an analyst meeting