Stocks_mostly_flat_but_earnings_a_positive_gold_drops_5percent

1.

Stocks mostly flat but
earnings a positive; gold
drops 5%
Published 10/10/2025, 10:01 PM

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NEW YORK (Reuters) -Major stock indexes were mostly near flat on Tuesday, ith
upbeat results and forecasts from top U.S. companies providing some support,
while gold prices dropped more than 5% as investors took profits after a recent
rally.
The yen fell to a one-week low after conservative Sanae Takaichi was elected as
Japan’s prime minister. Japan’s Nikkei share gauge closed at a record high on
Tuesday.Spot gold fell 5.31% to $4,123.85 an ounce, and had its steepest daily
percentage fall since August 2020. Prices scaled an all-time peak of $4,381.21 on
Monday and have gained about 60% this year.

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U.S. President Donald Trump said he expected to reach a fair trade deal with
Chinese President Xi Jinping when the two meet next week in South Korea, and
played down the risks of a clash over the issue of Taiwan.
The prospect of a resolution also helped bolster investor sentiment, along with a
deal between Australia and the United States for the supply of rare earths
minerals.In earnings, GM shares jumped after the company raised its full-year
forecast, and Coca-Cola gained after the company posted results that beat
analysts’ estimates.But the S&P 500 technology sector was down 0.2%, and Michael
Green, chief strategist at Simplify Asset Management in Philadelphia, said the
reaction to some earnings surprises was modest.

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"The earnings are better than expected as companies continue to gain slightly in
terms of margins, which suggests that (companies) have to be passing through the
tariffs or pushing the tariffs back onto the importers," Green said.

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Task 1: True/False/Not Stated
Read the statements below and mark them as True, False, or Not Stated based on the article.
1. 1. The Nikkei index reached a historical high on Tuesday.
2. 2. The drop in gold prices was the steepest since the beginning of the year.
3. 3. The leaders of the USA and China are planning to meet in Japan.
4. 4. Shares of General Motors fell after the company revised its forecast.
5. 5. According to Michael Green, companies are managing to maintain their profit margins.

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Task 2: Word Formation
Use the word given in capitals at the end of the line to form a word that fits grammatically in the gap in the same line.
1. 1. Upbeat results from major US companies provided some _________ to the stock market. SUPPORT
2. 2. Gold prices had their steepest daily percentage fall, so investors were taking _________. PROFIT
3. 3. The _________ of a trade deal resolution helped bolster investor sentiment. PROSPECT
4. 4. Coca-Cola posted results that beat analysts’ _________. ESTIMATE
5. 5. The reaction to some earnings surprises was relatively _________. MODEST

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Task 3: Sentence Matching
Match the beginnings of the sentences (1-5) with their correct endings (A-E) based on the information from the article.
Beginnings:
1.
Gold prices dropped significantly...
2.
The election of Sanae Takaichi...
3.
The positive earnings reports from companies like GM and Coca-Cola...
4.
President Trump expressed optimism...
5.
The technology sector of the S&P 500...
Endings: A. ...about reaching a trade deal with China during the upcoming meeting.
B. ...provided some support to the stock market.
C. ...ended the trading day with a slight decrease.
D. ...after investors decided to take profits from the recent rally.
E. ...coincided with the yen falling to a one-week low.