See the full story in the original article.
Read the original on Yahoo Finance ↗
Keywords
NasdaqWall StreetSpaceXSuper Micro
Open a keyword to see other news on the same topic.
Related tickers and likely impact
QQQ
• NeutralInvesco QQQ Trust
Relevance: low
| Market | US stocks |
|---|---|
| Sector | ETF |
| Close on 10/20/2026 | 717.52 |
| Change that session | -0.12% |
SPY
• NeutralSPDR 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.
Related news
- Dow Jones Futures Rise; SpaceX Crushes Views, Eyes Tesla Merger; Supermicro Reports Blowout Sales
- Bitcoin price tags $84.6K as US stocks head higher on SpaceX Q3 earnings beat
Bitcoin rose nearly 2% to $84,600, its first time at that level since Oct. 7, as US stocks gained after SpaceX reported third-quarter revenue of $14.6 billion, up 161% year over year and beating expectations by nearly 15%. SpaceX also posted net income of $4.4 billion, and analysts at Truist Securities said its results helped calm fears over corporate spending on AI buildouts. The tech-heavy Nasdaq Composite rose 0.7% early in the session before giving back some gains, while South Korea's KOSPI finished 3.29% higher at 5,735 points. Rekt Capital said Bitcoin needed a daily close above $83,400 to shift focus higher, and that a rejection there could send price below $82,500.
- 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.
- Live updates: Bitcoin clings to $82,500 as SpaceX results lift stock futures
Bitcoin was holding just above $82,500 on Wednesday, a level XS.com called its most important support, as stock futures rose after SpaceX posted results well above forecasts. Bitcoin had fallen in step with the Nasdaq last week following a hot U.S. inflation report and a selloff in AI and chip stocks, and XS.com said that link is getting stronger. A decisive break below $82,500 could expose bitcoin to a drop toward $70,000, a further 15% decline, which is the downside case laid out by Wintermute. A move back above $84,000 would take that scenario off the table.
- 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.
- Nasdaq Futures Rise Premarket As SpaceX AI Boom Lifts Chip Stocks: SMCI, TSLA, META, IBM, CRWV, NFLX, BE In Focus
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.
Related markets
Latest news
- Trump to throw spotlight on overseas crypto abuses at White House event
President Donald Trump is set to highlight his administration's efforts to pursue overseas crypto criminals at a White House cybercrime event on Wednesday, according to an official. U.S. law enforcement has halted about $833 million in crypto tied to overseas scams, and 503 fraudulent crypto websites have been seized under the Homeland Security Task Force. Authorities have also informed almost 9,000 U.S. citizens that they are being victimized. The transnational criminal organizations behind these scams have stolen tens of billions of dollars from Americans, and the Treasury formed a multi-agency Scam Center Strike Force in November. Meanwhile, Trump's personal crypto ties may have become a political liability as the midterm elections approach in a couple of weeks.
- AI is building out the new Industrial Revolution: Nvidia's Jensen Huang
Nvidia CEO Jensen Huang delivered a keynote at the GTC Berlin event, where he emphasized that AI is helping build the new Industrial Revolution. He noted that AI is becoming increasingly integrated into manufacturing processes.
- Musk's SpaceX-Tesla Merger Would Create a Bitcoin Treasury Behemoth
Elon Musk said the boards of SpaceX and Tesla have formed special committees of independent directors to weigh a merger, while cautioning that a deal is not a certainty. Combined, the two would hold 30,221 BTC, worth roughly $2.5 billion at a Bitcoin price near $83,000, making it one of the largest non-mining corporate Bitcoin treasuries. Tesla reported 11,509 BTC in its latest quarterly filing, while SpaceX disclosed 18,712 BTC in its S-1 ahead of its June IPO, a stash largely invisible to public markets and more than double previous blockchain-tracker estimates. The combined cost basis is around $1 billion, implying an average buy price near $35,000 per coin. A merger would not change Bitcoin itself but would alter governance and accounting, placing the holdings in one public company subject to quarterly disclosures; neither company has signaled plans to buy or sell.
- Musk's SpaceX-Tesla Merger Would Create a Bitcoin Treasury Behemoth
Elon Musk said the boards of SpaceX and Tesla have formed special committees of independent directors to weigh a merger, while cautioning that a deal is not a certainty. Combined, the two would hold 30,221 BTC, worth roughly $2.5 billion at a Bitcoin price near $83,000, making it one of the largest non-mining corporate Bitcoin treasuries. Tesla reported 11,509 BTC in its latest quarterly filing, while SpaceX disclosed 18,712 BTC in its S-1 ahead of its June IPO, a stash largely invisible to public markets and more than double previous blockchain-tracker estimates. The combined cost basis is around $1 billion, implying an average buy price near $35,000 per coin. A merger would not change Bitcoin itself but would alter governance and accounting, placing the holdings in one public company subject to quarterly disclosures; neither company has signaled plans to buy or sell.
- Chainlink, Cardano, other blockchain groups push SEC for clearer crypto rules
Six major blockchain organizations, including Chainlink Labs, Cardano Foundation, Hedera, Aptos Labs, Ava Labs and Stellar Development Foundation, urged the SEC in a joint letter dated Oct. 20 to formally classify digital commodities as non-securities. They argued that interpretive guidance alone leaves legal uncertainty, and that this classification should be written directly into the proposed Regulation Crypto Assets framework. The letter also asks for clarity on how securities laws apply to secondary-market transactions, as well as on staking and other activities tied to decentralized blockchain networks. The SEC's proposal, introduced in August, drew roughly 140 public comments over 60 days, and the consultation closed on Tuesday.
- Government to submit new resolution on wage policy to Central Committee
Deputy Prime Minister Phạm Thị Thanh Trà said during a group discussion on the afternoon of Oct. 21 on laws covering labor, employment and social insurance that the Government is drafting a proposal to report to the Political Bureau. The proposal is expected to go to the Central Committee at its Fifth Plenum to issue a new resolution on wage and social insurance policy, replacing Resolutions No. 27-NQ/TW and No. 28-NQ/TW. According to the Deputy Prime Minister, the current amendment to the Social Insurance Law mainly addresses immediate issues such as expanding coverage, while a more fundamental and comprehensive revision will follow the new resolution. For the Employment Law, the focus is cutting unnecessary licenses and reviewing rules on labor leasing, though simplifying procedures does not mean loosening management. Lawmakers also raised rules on depositing funds in joint-stock commercial banks with state capital, and the Government aims for safety, sustainability and timely payment of benefits.
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.