Computer chipmaker ASML (ASML) stock dropped dramatically on Tuesday as investors digest the company's third-quarter report, which was published early — apparently in error.

At the time of writing, the hardware maker had lost more than 13% of its value.

"We expect our 2025 total net sales to grow to a range between 30-35 billion euros, which is the lower half of the range that we provided at our 2022 Investor Day," chief executive Christophe Fouquet said in a statement.

Before the report, shares were trading at about 30 times forward earnings — lower than their five-year average and well below AI-driven stocks like Nvidia (NVDA) Corp. at 37 times.

Axel Rudolph, senior technical analyst at online trading platform IG said:

From our US team:

Goldman Sachs (GS) third-quarter profits surged 45% from a year ago as a rise in dealmaking and stock trading lifted the Wall Street giant.

Net income was nearly $3bn, up from roughly $2bn in the third quarter of 2023. Investment banking fees were $1.8bn, up 20% from the year-ago period, as companies issued more debt and equity.

Even its advisory fees were up slightly thanks to a revival in mergers and acquisitions.

Goldman’s stock rose more than 3% in pre-market trading Tuesday, and it has climbed 28% year to date to a record high, outperforming its other big-bank rivals.

Chipmaker Nvidia closed at a record high on Monday, with shares rising 2.4% to end the session above $138.

The stock previously recorded a record closing price of $135.58 in June. This latest gain in the share price has given Nvidia a market valuation of nearly $3.4tn (￡2.6tn.), making it poised to potentially overtake Apple (AAPL) – which has a market capitalisation of $3.5tn – as the world's most valuable company.

Nvidia is considered to be a major beneficiary of the artificial intelligence (AI) boom, with the company saying last week that its Blackwell AI chips had already sold out for the next 12 months.

Meanwhile, electronic manufacturer Foxconn announced that it was building a megafactory in Mexico to produce the Blackwell chips. The two companies said they were also teaming up to build Taiwan's largest supercomputer.

In addition, Wall Street analysts reiterated their buy ratings on Nvidia shares.

Nvidia's rise on Monday helped drive the S&P 500 (^GSPC) higher, with the index also notching another record high, having climbed nearly 0.8% to close at around 5,860.

Vicky McKeever writes:

Shares in Trump Media extended their rally on Monday, closing the session up nearly 19%, with the stock continuing to rise 5% in pre-market trading on Tuesday.

This comes as investors bet on former president Donald Trump's rising odds of winning the November election.

Over the weekend, both betting markets shifted in favour of a Trump victory, with prediction sites like Polymarket, PredictIt, and Kalshi all showing Trump's presidential chances ahead of those of Democratic nominee and current vice president Kamala Harris.

Separately, Trump Media announced the web launch of its Truth+ streaming service on Monday, following on from the release of the streaming app for Android devices last week.

Last month, DJT shares were trading at their lowest point since the company's debut on the stock market in March, following the expiration of the company's lockup period on shares, but have started to move higher in the run up to the election on 5 November.

Big miners and oil majors fell in morning trade in London, as oil prices continued to track lower amid Middle East tensions.

BP (BP.L) and Shell (SHEL.L) were among the top fallers in the index, each down 4.6% and 3.3% respectively.

Meanwhile Anglo American (AAL.L) and Glencore (GLEN.L) dropped around 3.6%.

Sterling was little changed against the dollar at $1.3054 in early European trading, near last week’s one-month low of $1.3011, while gold prices were basically muted on Tuesday as the US dollar remained robust.

Read more in the commodities update from Yahoo Finance UK.

Gold prices were muted on Tuesday as the US dollar remained robust, with investors keenly awaiting insights into the Federal Reserve's future interest rate policy.

At the time of writing, spot gold was trading at $2,651.63 per ounce, reflecting a modest increase of 0.3%. Meanwhile, US gold futures were flat at $2,666.40.

Despite this, resilience appears to be the overarching narrative for gold, as the precious metal remains close to its recent record highs, according to Yeap Jun Rong, a market strategist at IG. “The yellow metal is holding strong even in the face of dollar strength,” he said.

Looking ahead, the uncertainty surrounding the US elections could push demand for gold as a safe-haven asset. Yeap suggested that anticipated Fed rate cuts, likely in increments of 25 basis points, could propel gold prices to new heights, potentially targeting $2,800 by the end of the year.

Federal Reserve governor Christopher Waller has urged "more caution" regarding rate cuts, while Minneapolis Fed president Neel Kashkari said that further reductions are likely as the central bank approaches its 2% inflation target.

Current market sentiment reflects an 87% probability of a 25-basis-point cut in November, which could enhance the appeal of non-yielding bullion as lower interest rates typically boost gold's attractiveness.

Oil prices fell for the third session in a row on Tuesday, following reports that suggested Israel may avoid attacking Iranian oil infrastructure.

Concerns have been mounting — and so have brent crude prices — amid conflict in the Middle East. The pullback in price reflects easing anxiety.

Crude (CL=F) fell 3.8% to $70.83 a barrel, while brent crude (BZ=F) was 3.9% lower to trade at $74.46 a barrel.

UK wage growth eased in the three months to August to its slowest pace since the pandemic, making a case for the Bank of England (BoE) to cut interest rates further before the end of the year.

In the three months leading up to August, pay growth excluding bonuses decreased to 4.9%, down from a previous rate of 5.1%. This marks the slowest pace of wage growth since June 2022. When bonuses are included, annual wage growth fell to 3.8%, down from 4% and slightly surpassing economists' expectations of 3.7%. It was the slowest pace of growth since November 2020.

This data is closely watched by the financial markets, as it will influence how quickly the Bank can lower UK interest rates.

The BoE has been closely monitoring wage growth, particularly amid concerns that sustained increases could keep inflationary pressures high, especially in the labour-intensive services sector.

Read more on Yahoo Finance UK

US indexes are currently directionless after a positive close in the US. Traders will be holding their breath for key quarterly reports.

US stocks rose on Monday with two major indexes clinching record closes as Nvidia (NVDA) led a risk-on rally in the market that permeated through most sectors and even into cryptocurrencies.

The S&P 500 (^GSPC) moved up nearly 0.8% to close at a fresh record after ending above 5,800 for the first time on Friday. The tech-heavy Nasdaq Composite (^IXIC) jumped nearly 0.9%. The Dow Jones Industrial Average (^DJI) rose more than 200 points, or almost 0.5%, to close above the 43,000 level for the first time.

Tech stocks led the day's gains, with chip giant Nvidia rising nearly 3% to close at a new high above $138 per share. Other semiconductor stocks also surged including chip equipment maker ASML (ASML), Arm Holdings (ARM), and Applied Materials (AMAT).

Hello from London. Lucy Harley-McKeown here, gearing up for another day of markets news. This morning we've already had UK jobs and wage data from the Office for National Statistics.

It's earnings season, so we'll be looking to quarterly results from UnitedHealth (UNH), Johnson & Johnson (JNJ), Bank of America (BAC), Goldman Sachs (GS), Citigroup (C), Omnicom (OMC), United Airlines (UAL) and Walgreens Boots Alliance (WBA).Let's get to it.