General Motors Co. signaled solid US demand for its highest-margin vehicles even as the broader market softens, posting better-than-expected results for the latest quarter and raising the low end of its full-year profit forecast.

General Motors posted better-than-expected third-quarter profit and sales as it kept prices steady and controlled costs.

By managing its inventory and offering vehicles that are still in high demand, General Motors (NYSE:GM) reported a better-than-expected third quarter, delivering the beat and raise that investors were counting on to drive shares to their highest level since February 2022 and its largest intraday percentage gain since the beginning of this year.

Keeping indexes in check was GE Aerospace, which tumbled 9% and was the heaviest weight on the S & P 500. The company, which began trading independently this spring after splitting off from the former conglomerate General Electric, reported stronger profit for the latest quarter than analysts expected, but its revenue fell short of forecasts.

Asian stocks were mixed on Wednesday under pressure from a rising U.S. dollar and the uncertainties over the U.S. election. U.S. futures and oil prices fell due to escalating geopolitical tensions after Israel announced that an airstrike outside Beirut earlier this month killed a Hezbollah official who had been expected to succeed the group’s longtime leader after he died in an Israeli strike last month.

U.S. stocks are drifting in mixed trading Tuesday after erasing losses from earlier in the day. The S&P 500 was 0.1% lower in late trading and potentially on track for its first back-to-back loss in a month and a half.