Stock markets mostly rose on Wednesday after Elon Musk's SpaceX reported a net profit of $4.4 billion for July–September, its first quarterly profit as a public company, more than double expectations and compared with a $1.1 billion loss a year earlier. Revenue jumped 161% to $14.6 billion. Musk also said he would back a merger of SpaceX with Tesla, while Super Micro Computer's preliminary quarterly results beat forecasts, easing worries about the AI boom. In Europe, EssilorLuxottica rose 14% after reporting a 24% jump in sales of lenses that slow short-sightedness in children, while Carrefour fell 14% after warning that violent protests across France would hurt profits, with operating profit expected to be cut by 80 million to 200 million euros this year.
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Related tickers and likely impact
QQQ
▲ Likely positiveInvesco QQQ Trust
Relevance: medium
| Market | US stocks |
|---|---|
| Sector | ETF |
| Close on 10/20/2026 | 717.52 |
| Change that session | -0.12% |
SPY
▲ Likely positiveSPDR S&P 500 ETF
Relevance: medium
| Market | US stocks |
|---|---|
| Sector | ETF |
| Close on 10/20/2026 | 769.01 |
| Change that session | +0.33% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
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