Update: Dow Rebounds After Two-Day Decline Amid Solid Earnings

04:51 PM EDT, 10/20/2026 (MT Newswires) -- (Updates with market moves at the end of the day, and other changes, if any.) The Dow Jones Industrial Average advanced Tuesday, snapping a two-day losing streak as strong corporate earnings provided support, while oil prices declined. The Dow rose 1% to close at 52,495.88, while the S&P 500 edged up 0.3% to 7,712.57. The Nasdaq Composite was virtually unchanged at 26,424.82. Except communication services and technology, all sectors ended in the green, led by healthcare's 2.3% gain. Shares of 3M climbed 5.8%, the best performer on the Dow. The industrial conglomerate raised its full-year earnings outlook as its third-quarter bottom line topped market estimates. Hasbro (HAS) upgraded its full-year sales outlook after third-quarter results topped Wall Street's expectations, boosted by rising demand for its gaming portfolio. The toymaker's shares jumped 11.2%, the second-biggest gain on the S&P 500 after Equifax's (EFX) 11.3% surge. Equifax released its third-quarter results on Tuesday. Northrop Grumman (NOC) rose 4.6% after the defense contractor upgraded its full-year profit outlook. General Motors (GM) slumped 6.8%, the worst performer on the S&P 500. The Detroit automaker's updated 2026 profit guidance fell short of Wall Street's projections at the midpoint, overshadowing a third-quarter beat. Among healthcare stocks, Moderna (MRNA) was up 6.7%, among the notable movers on the S&P 500. Amgen (AMGN), Merck (MRK), UnitedHealth (UNH), and Johnson & Johnson (JNJ) also logged increases. Rocket and satellite company SpaceX (SPCX) and streaming giant Netflix (NFLX) released their latest quarterly results after the market close Tuesday. More reports are due later this week, with tech giants Meta Platforms (META) and Tesla (TSLA) scheduled to release their earnings on Wednesday. "The spotlight is on corporate earnings," D.A. Davidson said in a Tuesday note. "Investors will be looking for evidence that consumers and the broader economy remain resilient, but chiefly, that the vast amount of capital pouring into the (artificial intelligence) buildout is showing signs of paying off." West Texas Intermediate crude oil was down 1.8% at $101.79 a barrel in Tuesday afternoon trade, while Brent dropped 0.4% to $109.13. Iran told Pakistan's Army Chief Asim Munir on Tuesday Tehran would not negotiate with Washington until its demands were met, Reuters reported Tuesday, citing Iranian media. Pakistan is a key intermediary between the US and Iran. Yemen's Iran-aligned Houthi rebels said Monday they launched several strikes at Saudi Arabia, targeting the Kingdom's energy, airport and military infrastructure, Reuters reported. Saudi authorities didn't immediately confirm the Houthi claims, the report showed. Treasury yields were mixed, with the two-year rate gaining 2.2 basis points to 4.78% while the 10-year rate was off 2.1 basis points to 5.12%. In economic news, US housing starts dropped to a four-month low in September amid declines in both single and multi-family units, while permits continued to trend downwards. Spot gold lost 0.4% to $4,123.23 per troy ounce, while silver gained 1.1% to $57.92 per ounce.