U.S. stocks closed higher on Wednesday as AI shares rebounded after SpaceX's quarterly results. The Dow rose 360.21 points (0.69%) to 52,856.09, the S&P 500 gained 0.58% to 7,757.17, and the Nasdaq Composite rose 1.05% to 26,702.86; technology led sector gains at 1.61%, while communication services and real estate lagged. SpaceX jumped nearly 7.8% after reporting its first profitable quarter as a public company, with third-quarter revenue up 161%, and CEO Elon Musk said the board and Tesla formed special committees to discuss a possible merger. By contrast, AT&T fell 6.45% despite beating expectations as wireless-subscriber numbers disappointed investors, and Netflix dropped over 5.3% after its revenue forecast missed estimates. The 10-year Treasury yield approached 5.15%, near 19-year highs, while WTI crude fell about 0.7% to 97.15 U.S. dollars a barrel.
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Wall Streettech stocksSpaceXartificial intelligence
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Related tickers and likely impact
QQQ
▲ Likely positiveInvesco QQQ Trust
Relevance: medium
| Market | US stocks |
|---|---|
| Sector | ETF |
| Close on 10/21/2026 | 725.20 |
| Change that session | +1.05% |
SPY
▲ Likely positiveSPDR S&P 500 ETF
Relevance: medium
| Market | US stocks |
|---|---|
| Sector | ETF |
| Close on 10/21/2026 | 773.09 |
| Change that session | +0.53% |
NVDA
▲ Likely positiveNvidia
Relevance: low
| Market | US stocks |
|---|---|
| Sector | Information Technology |
| Industry | Semiconductors |
| Market cap | $5.2T |
| Close on 10/21/2026 | 221.97 |
| Change that session | +2.54% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
Related news
- A strong profit report from SpaceX helps lift tech stocks and Wall Street
- A strong profit report from SpaceX helps lift tech stocks and Wall Street
U.S. stocks rose Wednesday after strong profit reports from SpaceX, Capital One and other large companies. The S&P 500 gained 0.6% to 7,757.17, the Dow added 360.21 points to 52,856.09, and the Nasdaq rose 1.1%. SpaceX climbed 7.8% after reporting a stronger-than-expected summer profit, and Musk said it had taken a step toward considering a possible merger with Tesla, whose shares rose 3.4%. Netflix fell 5.3% despite a profit beat, as its revenue forecast for the final quarter of the year fell short, while AT&T dropped 6.4% despite a stronger profit because its growth outlook disappointed. Among AI stocks, Nvidia rose 2.5% and Super Micro jumped 9.5% after raising its revenue outlook, while the 10-year Treasury yield climbed back to 5.12% and Brent crude settled at $108.82 a barrel.
- A strong profit report from SpaceX helps lift tech stocks and Wall Street
- A strong profit report from SpaceX helps lift AI stocks and Wall Street
- Wall Street climbs after SpaceX third - quarters earnings
U.S. stocks rose Wednesday, with SpaceX shares jumping sharply after it reported 161 percent third-quarter revenue growth and ninefold growth in its AI business. The S&P 500 gained 0.58% to close at 7,757.22, the Dow added 0.69% to 52,857.10, and the Nasdaq Composite rose 1.05% to 26,702.86, the session's strongest performer. Cresset's Joe Zidle said SpaceX is not an anomaly and that similar gains could become more common in the sector by the end of earnings season. Currency markets were quiet, with the dollar slightly weaker against most majors and EUR-USD at 1.1234. Germany's DAX rose 1.35% to 25,645.04, while Hong Kong's Hang Seng fell 0.90% and Japan's Nikkei 225 rose 0.85%.
- Wall Street climbs after SpaceX third-quarter earnings
SpaceX shares jumped Wednesday, lifting the Nasdaq and the broader market after the company reported 161% third-quarter revenue growth and ninefold growth in its AI business. Cresset chief market strategist Joe Zidle said SpaceX is not an anomaly and that such strong results may become more common across the sector. The S&P 500 rose 0.58% to 7,757.22, the Dow gained 0.69% to 52,857.10, and the Nasdaq Composite climbed 1.05% to 26,702.86 on technology strength. The dollar edged lower against most major currencies in a quiet session, while Germany's DAX gained 1.35% and the S&P/TSX rose 0.60%, and Hong Kong's Hang Seng fell 0.90% and Japan's Nikkei 225 rose 0.85%.
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