U.S. stock futures were mixed before the open on Wednesday, with Nasdaq futures up 0.7% and S&P 500 futures up 0.2%, after a prior-session recovery led by SpaceX’s earnings and Super Micro’s raised outlook. Brent crude rose above $110 per barrel as reports said Iran’s Revolutionary Guards had blocked tankers in the Strait of Hormuz, and the U.S. acknowledged a peace deal remains “difficult.” SpaceX shares jumped 9% premarket after its first quarterly profit since going public in June, while Super Micro rose 16% after lifting its preliminary Q1 revenue guidance to $18.5 billion-$19.5 billion. Netflix fell 6% after cutting its full-year free cash flow and advertising revenue guidance, despite a Q3 profit beat. Tesla rose 3% ahead of its earnings report due after the close.
Summary written by Upside AI from the original article. Read the source for full details.
Read the original on Yahoo Finance ↗
Keywords
NasdaqS&P 500SpaceXoil pricesIran
Open a keyword to see other news on the same topic.
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% |
TSLA
▲ Likely positiveTesla, Inc.
Relevance: medium
| Market | US stocks |
|---|---|
| Sector | Consumer Discretionary |
| Industry | Automobile Manufacturers |
| Market cap | $1.4T |
| Close on 10/20/2026 | 373.77 |
| Change that session | +1.55% |
META
▲ Likely positiveMeta Platforms
Relevance: low
| Market | US stocks |
|---|---|
| Sector | Communication Services |
| Industry | Interactive Media & Services |
| Market cap | $1.9T |
| Close on 10/20/2026 | 694.44 |
| Change that session | -1.56% |
NVDA
▲ Likely positiveNvidia
Relevance: low
| Market | US stocks |
|---|---|
| Sector | Information Technology |
| Industry | Semiconductors |
| Market cap | $5.2T |
| Close on 10/20/2026 | 216.48 |
| Change that session | -0.28% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
Related news
- Stock Market Midday, Oct. 21: Tech Gains Lift Nasdaq as SpaceX Soars
As of 11:41 AM ET, the Nasdaq Composite rose 1.09% to 26,717 on renewed optimism around AI, while the S&P 500 gained 0.52% to 7,752 as tech gains offset telecom weakness. The Dow Jones Industrial Average climbed 0.29% to 52,647 on positive corporate reports. Gold was up 0.18% at $4,132.42, and the 10-Year Treasury yield slipped to 5.11%. SpaceX surged over 10% after its quarterly results boosted AI sentiment, lifting Dell Technologies, which rose 6% in early trading.
- US stocks open higher following strong profits reports from companies including SpaceX
U.S. stocks edged higher Wednesday morning as strong profit reports from SpaceX, Capital One and other large companies offset weakness at Netflix and AT&T. As of 10 a.m. Eastern, the S&P 500 rose 0.2%, the Dow gained 47 points (0.1%) and the Nasdaq rose 0.7%. SpaceX shares jumped 11.2% after its summer profit beat analyst expectations, while Netflix fell 2.7% and AT&T dropped 4.4% despite also beating profit forecasts. The 10-year Treasury yield eased to 5.09% from 5.12%, and Brent crude slipped 0.6% to $108.14 a barrel.
- Stock market today: Dow, S&P 500, Nasdaq futures rise as earnings roll in, SpaceX stock surges
US stock futures rose as SpaceX's better-than-expected quarterly results, driven by AI infrastructure and cloud growth, revived enthusiasm for AI stocks; Nasdaq 100 futures gained 0.9%, S&P 500 futures 0.3%, and Dow futures were little changed. SpaceX shares jumped 6% after hours, and Musk said SpaceX and Tesla (TSLA) have each formed special committees to discuss a merger. Tesla and Meta (META) report after the bell Wednesday, kicking off Big Tech's earnings season. Netflix (NFLX) shares fell premarket after its Q4 revenue forecast missed estimates and 2026 ad revenue guidance was lowered. Brent crude rose to $109 per barrel, while WTI traded near $98.
- MARKETS LIVE : Wall Street ends volatile week with tech sell - off
Wall Street ended a volatile week lower on Friday as selling in technology stocks pushed the Nasdaq Composite down 2.1% to 26,140, with the S&P 500 down 1.1% to 7,659 and the Dow off 0.3% at 52,002. For the week, the Nasdaq lost 4.5%, its worst weekly performance since late June, while the Dow gained 0.7% as investors rotated out of tech. Brent crude touched $110 a barrel for the first time since May as Iran escalated attacks in the Strait of Hormuz. Netflix is replacing its chief content officer after announcing layoffs affecting 6% of its workforce, and Anthropic is reportedly valued by some investors at about $1.5 trillion ahead of its November IPO, below earlier expectations of $2 trillion.
- Oil surges to $110 per barrel for the first time since May
Tech stocks lost more than $1 trillion in value on Friday as oil hit a five-month high, with the Nasdaq 100 down 2.5% and about 7% below the record it set only last week, while the Philadelphia semiconductor index fell 3.8% for its eighth straight daily loss, the longest such streak since 2008. Brent crude topped $110 a barrel intraday and closed the week at $109.86, its highest close since May 19, while U.S. crude jumped 3.5% to $101.41, the first time WTI crossed $100 since September. Energy prices have climbed since late February, when the U.S. and Israel attacked Iran and the Strait of Hormuz closed, and a Russia-Ukraine escalation has hit Russian refining capacity, pushing diesel prices up even faster than gasoline. President Donald Trump is focused on diesel costs ahead of the Nov. 3 midterms, but his Russian diesel deal has yet to show any actual barrels reaching the global market, and a bill to block it has little chance in the Republican-controlled House. Investors also questioned when massive AI spending would pay off, as CoreWeave and Nebuius were the Nasdaq 100's worst performers that day, and a day earlier analyst Ed Yardeni cut his year-end S&P 500 target to 7,900 fro
- Oil Prices Are Back Above $100 . History Says the Biggest Stock Market Loser May Now Offer the Biggest Upside .
Oil prices have mostly stayed above $100 a barrel due to supply concerns tied to the Iran war, and energy is the best-performing S&P 500 sector this year with a gain of more than 50%. The author argues energy stocks may have limited upside unless oil keeps rising, since they tend to move with oil, and believes oil is more likely to fall once the conflict is resolved, with annualized inflation at 3.7% in September. Instead, the article favors consumer discretionary stocks, the worst-performing sector this year with a 7% loss, trailing the S&P 500 by roughly 20 percentage points amid near-record-low consumer sentiment and affordability pressures. It points to 2022, when Brent crude rose 35% while the consumer discretionary ETF fell 36%, and 2023, when Brent finished about 3% lower while the sector gained around 40%, as a recent precedent for a rebound if the war ends and inflation cools. The author stresses this is not a prediction, but XLY could offer one of the better long-term opportunities for outperformance.
Related markets
Latest news
- First Private Bank to Exceed VND 200,000 Billion in Owners' Equity
VPBank has become the first private bank to surpass VND 200,000 billion in owners' equity, reaching VND 200,078 billion in its Q3/2026 financial report, up VND 8,863 billion in the quarter alone and nearly VND 19,800 billion since the start of the year. Vietcombank passed this level first in the system in 2025, VietinBank reached VND 200,214 billion as of June 30, 2026, and Techcombank stood at VND 197,325 billion at the end of Q3. The growth of the two private banks comes mainly from retained profits: in the first nine months of 2026, VPBank's pre-tax profit was nearly VND 30,000 billion, up about 47%, while Techcombank's reached VND 28,915 billion, up 23.7%. The article notes that charter capital makes up only about 36% and 40% of owners' equity at Techcombank and VPBank, and that stock dividends do not increase owners' equity.
- Industry Profits Plunge and Investors Lose Money, Yet Securities Firms Earn Heavily From Lending
Industry-wide profit for securities firms in Q3/2026 fell 42% year on year to about VND 11,000 billion, while average matched trading value on HoSE dropped to VND 13,000-14,000 billion per session, less than half of last year's level. In contrast, interest income from lending and receivables across the industry reached a record VND 12,300 billion, up 34% year on year and rising for 11 consecutive quarters. The main drivers were margin lending outstanding of VND 455,000 billion, of which VND 440,000 billion was margin, the highest ever, along with high interest rates. The article notes that this is gross income rather than net income, since firms still bear funding costs for the lending business, and that gains are uneven, with firms backed by banks such as TCBS, VPBankS and ACBS leading.
- Palantir Rises 4% as Software Stocks Rally; ServiceNow Gains 3%, Salesforce Holds Flat
Palantir shares rose 4% to $199.41 in afternoon trading, leading a broad software rally as buyers favored AI platform names. The iShares Expanded Tech-Software ETF gained 2% to $108.98 and the Invesco QQQ Trust rose 1.3% to $726.83, while ServiceNow climbed 3% to $153.33 and Salesforce slipped 0.2% to $242.07. On October 19, Knox Systems announced a partnership with Palantir to bring commercial software into the federal government's most tightly secured cloud environments, but neither company disclosed financial terms, and the article says it is unclear whether this news is behind the stock's gain. The article also points to Palantir's steep valuation as a source of doubt about the rally's staying power, and says the third-quarter 2026 report will test whether its government growth holds up.
- Circle Internet Jumps 6% as OCC Finalizes GENIUS Act Stablecoin Rules; Strategy Surges 8%, Coinbase Climbs 5%
Circle Internet rose 6% to $90.65 after the Office of the Comptroller of the Currency (OCC) finalized its GENIUS Act rules for stablecoin issuers, which take effect next January. Strategy climbed 8% to $154.41 and Coinbase rose 5% to $178.86, while the iShares Bitcoin Trust ETF gained 3%. Circle's Q2 2026 revenue rose 6.6% to $701.3 million and average USDC in circulation climbed 25% to $76.5 billion, though its reserve return rate slipped to 3.5%. Coinbase remains down 21% year to date, while Circle is up 14%.
- Apple vs. SK hynix: Which Tech Stock Is a Better Buy in 2026?
The article compares Apple (AAPL) and SK Hynix (SKHY). Apple sells consumer hardware such as the iPhone and Mac alongside a high-margin Services segment, while SK Hynix makes DRAM and NAND memory chips for data centers and AI processing in a cyclical market. On a trailing-12-month basis through Q2 2026, Apple reported revenue of $466 billion, up about 14%, net income of roughly $129 billion, free cash flow of nearly $137 billion, and a debt-to-equity ratio near 0.8x. SK Hynix reported TTM revenue of about $129 billion, more than double the prior-year period, net income of nearly $109 billion, free cash flow of about $60 billion, and a debt-to-equity ratio around 0.1x. The article says SK Hynix looks much cheaper but carries greater cyclical risk, and the author says he would rather buy Apple heading into 2027, noting Apple trades at 35 times forward earnings estimates.
- The Ultimate AI Investing Basket: 4 Stocks Primed to Skyrocket in 2027
The article argues that AI stocks are selling off after a hot inflation report that could prompt an interest rate increase, but the AI infrastructure build-out is still ongoing. The author highlights four stocks: Taiwan Semiconductor Manufacturing (TSM), Micron Technology (MU), Nvidia (NVDA) and Broadcom (AVGO). Nvidia has told investors it expects 70% revenue growth next year, while Broadcom expects its AI semiconductor revenue to rise to $115 billion next year from about $65 billion this year. Micron trades at about 5 times this fiscal year's earnings, and its management expects market conditions to worsen in 2027 and 2028 even as new capacity comes online in mid-2027. The article also notes that TSMC makes chips for nearly all major tech firms and recently reported a strong third quarter.
Get the briefing on Telegram or Zalo
Join the Upside Telegram channel or Zalo group for the Vietnam stocks and gold briefing at 8:00 and 19:00 (Vietnam time) on trading days, plus a weekly wrap on Saturday morning.