U.S. stocks on the move | North American markets show strong performance, significantly turning losses into gains; Stellantis (STLA.US) opens higher and rises nearly 13%

Stellantis (STLA.US) surged over 10% at the open on Wednesday, with gains expanding to 13% as of press time, according to Zhihu Finance APP. On the news front, Stellantis released its third-quarter results: net revenue reached 37.611 billion euros, up 1% year-on-year and higher than the market expectation of around 36.4 billion euros; net loss was 453 million euros, narrowing by 90% from the loss of 4.532 billion euros in the same period last year; adjusted operating profit was 256 million euros (285 million USD), slightly above consensus estimates, up 184% year-on-year with a profit margin of 0.7%. The company maintained its full-year guidance and reiterated its target for positive industrial free cash flow by 2027.