① PayPal becomes ChatGPT's first payment wallet, with pre-market gains exceeding 15%; ② UnitedHealth Group The group announced its third-quarter 2025 results and raised its full-year 2025 profit outlook; ③ Amazon The company announced it will cut nearly 14,000 jobs.
On Tuesday, U.S. stock index futures rose across the board, with Dow Jones futures significantly outperforming the other two major index futures, thanks to gains in UnitedHealth Group . Major European indices showed mixed results.
(Source: Investing.com)
Approximately 178 S&P 500 companies are scheduled to report their third-quarter results this week. Despite lingering concerns about tariffs and rising costs, S&P 500 companies as a whole are expected to achieve their ninth consecutive quarter of earnings growth.
Investors are awaiting a series of major earnings reports this Wednesday and Thursday, primarily from five of the Big Seven: Alphabet (Google's parent company), Amazon , and Apple. Meta and Microsoft These together account for about a quarter of the total market capitalization of the S&P 500 index.
So far, the US stock market's Q3 earnings season has been strong overall. Adam Turnquist, chief technical strategist at LPL Financial, said that another batch of solid earnings reports, signs of easing inflationary pressures, increased expectations of interest rate cuts, and positive trade news have all supported market buying.
"With NDX ( Nasdaq) " "With 30 companies among the 100 constituents reporting earnings, the market focus this week will be on the strength of fundamentals," Turnquist said.
UnitedHealth , a Dow Jones component and healthcare giant, reported earnings that beat market expectations, sending its shares up more than 6% in pre-market trading.
Logistics giant UPS raised its full-year earnings outlook, sending its shares up as much as 20% in pre-market trading.
The Federal Reserve held a two-day monetary policy meeting on Tuesday and will announce its latest interest rate decision on Wednesday. The market widely expects the central bank to announce a 25 basis point rate cut.
Nvidia CEO Jensen Huang will deliver a keynote speech at midnight Beijing time on Wednesday. Furthermore, US President Trump stated that he will meet with Huang on Wednesday.
Company News
PayPal becomes ChatGPT's first payment wallet, shares surge over 15% pre-market.
On Tuesday (October 28) local time, payment company PayPal announced that it has signed a cooperation agreement with OpenAI, and its digital wallet will be embedded with ChatGPT, allowing users to directly access the chatbot. Complete the shopping payment in the middle.
Driven by this news, PayPal shares surged more than 15% in pre-market trading.
According to PayPal CEO Alex Chriss, the agreement was finalized last weekend; starting next year, both sides of the PayPal ecosystem—consumers and merchants—will be able to access ChatGPT, where users can buy goods and merchants can list and sell their inventory.
UnitedHealth Group announces its third-quarter 2025 results and raises its full-year 2025 profit outlook.
UnitedHealth reported third-quarter revenue of $113.1 billion, exceeding the expected $113.03 billion, representing a 12% year-over-year increase. Adjusted earnings per share for the third quarter were $2.92, compared to $2.83 in the same period last year. UnitedHealth Group raised its full-year 2025 earnings outlook to at least $14.90 per share and adjusted earnings per share to at least $16.25.
Amazon announces it will cut nearly 14,000 jobs.
Amazon announced on October 28 that it is undergoing an internal organizational restructuring, which will result in the elimination of nearly 14,000 jobs. Amazon stated that this move aims to further streamline layers, allocate resources, and ensure that the company invests in its most important business areas and those critical to customers' current and future needs.
The statement said that looking ahead to 2026, Amazon expects to continue hiring in key strategic areas.
Tesla [Plans to further operate Robotaxi in the US by 2025 and gradually eliminate in-vehicle safety drivers]
On October 28, according to @TeslaAI, Tesla's Robotaxi self-driving car in the San Francisco Bay Area... The ride-hailing service now covers San Jose International Airport, and plans to expand Robotaxi operations to Nevada, Florida, and Arizona by the end of 2025, with the aim of gradually eliminating in-vehicle safety drivers. As of October 2025, Robotaxi had accumulated over 400,000 kilometers in Austin, Texas, and over approximately 1.6 million kilometers in the San Francisco Bay Area.
Coinbase and Apollo have partnered to launch stablecoin-based lending products in 2026.
On October 27th local time, Coinbase announced a strategic partnership with private equity firm Apollo to jointly launch a stablecoin-based credit strategy. The two companies plan to jointly launch innovative credit investment products in 2026.
[US Water Company and Essential Utilities to merge, company valued at nearly $63 billion]
On October 27, U.S. Water and Essential Utilities announced that their boards of directors had unanimously approved a definitive agreement to merge in an all-stock, tax-free transaction into a leading, regulated U.S. water and wastewater utility. The company, with an estimated market capitalization of nearly $40 billion, has a combined enterprise value of approximately $63 billion.
Key events to watch in the US stock market (Beijing time)
October 28
21:00 US August FHFA House Price Index (MoM), US August S&P/CS 20-City Composite Home Price Index (YoY, Unadjusted)
22:00 US October Conference Board Consumer Confidence Index, US October Richmond Fed Manufacturing Index
October 29
00:00 Nvidia CEO Jensen Huang delivers a keynote speech
(Article source: CLS)
