By William Collins, consultant in stock markets – Eurasia Business News, October 20, 2025. Article no 1846

The U.S. stock market showed gains as investors prepared for a busy week of earnings reports and watched easing trade tensions between the U.S. and China. Dow futures were up 0.28%, Nasdaq futures gained about 0.21%, and S&P 500 futures rose around 0.48%.

 These gains were supported by optimism over potential progress in U.S.-China trade talks, stronger corporate earnings outlooks from companies like Tesla and Netflix, and easing concerns in regional banking and AI stock sell-offs.

Cleveland-Cliffs (CLF) stocks jumped significantly, up around 10.5% in premarket trading. This surge comes after the company reported its third-quarter 2025 results showing a mixed picture: an adjusted loss per share of $0.45, which met analyst forecasts and beat the expected loss, but revenue slightly missed estimates at $4.7 billion versus a $4.9 billion consensus. Despite the earnings miss, Cleveland-Cliffs’ stock rally was driven by positive factors including signs of rising demand for automotive-grade steel supported by the Trump administration’s trade policies, multi-year supply agreements with major automotive OEMs, and a promising new strategic focus on rare-earth mineral production from its upstream mining assets in Michigan and Minnesota.

The CEO, Lourenco Goncalves, highlighted that this move into rare earths aligns with a broader national strategy to reduce reliance on foreign sources, especially China, which is significant amid ongoing trade tensions. Additionally, the company announced a capital expenditure forecast of $525 million for 2025, down from $600 million, and reported improved adjusted EBITDA and liquidity. Overall, the stock market today saw Dow futures tick up, with Cleveland-Cliffs making notable gains due to these strategic shifts and earnings news.

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Gold prices saw strong gains, with gold futures trading around $4,340.7 per ounce, marking a daily increase of about 3%, with prices ranging from a low near $4,229.7 to a high of $4,344.7. This price surge follows gold recently reaching an all-time peak near $4,358 per ounce.

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Meanwhile, silver prices were slightly lower than their recent all-time highs but still elevated, trading around $52.79 per ounce, down modestly from its overnight high of $54.47. Both metals have experienced significant gains year-to-date driven by investor demand for safe-haven assets amid global economic uncertainties and geopolitical tensions.

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© Copyright 2025 – Eurasia Business News. Article no. 1846