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A strong profit report from SpaceX helps lift AI stocks and Wall Street

U.S. stocks rose Wednesday after strong profit reports from SpaceX, Capital One Financial and other large companies. The S&P 500 gained 0.6%, nearing the all-time high it set earlier this month, while the Dow rose 0.7% and the Nasdaq composite 1.1%. SpaceX shares climbed 7.2% after its summer profit beat expectations, and Elon Musk said SpaceX has taken steps to consider a possible merger with Tesla, whose shares rose 3.3%. Netflix fell 4.9% despite a stronger profit, as its revenue growth forecast for the final quarter fell short of expectations, and AT&T dropped 5.7% on a forecast that missed some analysts' expectations. The 10-year Treasury yield rose to 5.14%, and Brent crude settled at $108.82 a barrel.

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NVDA

▲ Likely positive

Nvidia

Relevance: medium

MarketUS stocks
SectorInformation Technology
IndustrySemiconductors
Market cap$5.1T
Close on 10/21/2026221.97
Change that session+2.54%
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QQQ

▲ Likely positive

Invesco QQQ Trust

Relevance: medium

MarketUS stocks
SectorETF
Close on 10/21/2026725.20
Change that session+1.05%
QQQ price, forecasts and signals →

SPY

▲ Likely positive

SPDR S&P 500 ETF

Relevance: medium

MarketUS stocks
SectorETF
Close on 10/21/2026773.09
Change that session+0.53%
SPY price, forecasts and signals →

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