The Nasdaq rose at mid-morning as quarterly results from SpaceX and Super Micro Computer improved appetite for AI-linked stocks, with the Nasdaq Composite up 0.56% to 26,572.61 at 9:54 am ET while Netflix slipped. SpaceX rose 10.7% after Elon Musk called a SpaceX-Tesla merger 'a good idea' and the company posted its first profit as a public company, while Super Micro jumped 12% after forecasting revenue and profit margin above estimates. Chip stocks rebounded, with the Philadelphia SE Semiconductor index up 1.2% after 8 straight sessions of declines, but CoreWeave fell 2.4% and Netflix dropped 2.5% on a weaker-than-expected profit forecast. Markets largely expect the Federal Reserve to hold rates, even though last week's data showed price pressures spreading beyond energy and supporting the case for another hike, while Brent crude traded near $110 a barrel.
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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% |
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% |
SPY
▲ Likely positiveSPDR S&P 500 ETF
Relevance: low
| 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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