U.S. stocks drifted higher on Wednesday as strong profit reports from SpaceX and Capital One offset disappointing updates from Netflix and AT&T. As of 10:15 a.m. ET, the S&P 500 was virtually unchanged, the Dow was down 30 points (0.1%) and the Nasdaq rose 0.4%. SpaceX jumped 11.1% after posting a stronger-than-expected profit, and Elon Musk said the company had taken a step toward considering a possible merger with Tesla, whose shares rose 3.3%. Netflix fell 4.2% despite a stronger profit because its revenue forecast for the final quarter fell short, while AT&T dropped 5.6% on a growth outlook that missed expectations. The 10-year Treasury yield eased to 5.09% but remains far above its 3.97% level before the war with Iran, and Brent crude added 0.2% to $108.96 a barrel.
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Original headline: US stocks nudge higher as SpaceX , Tesla and Nvidia climb
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Related tickers and likely impact
NVDA
▲ Likely positiveNvidia
Relevance: low
| Market | US stocks |
|---|---|
| Sector | Information Technology |
| Industry | Semiconductors |
| Market cap | $5.2T |
| Close on 10/20/2026 | 216.47 |
| Change that session | -0.29% |
TSLA
▲ Likely positiveTesla, Inc.
Relevance: low
| Market | US stocks |
|---|---|
| Sector | Consumer Discretionary |
| Industry | Automobile Manufacturers |
| Market cap | $1.4T |
| Close on 10/20/2026 | 373.71 |
| Change that session | +1.54% |
QQQ
▲ Likely positiveInvesco QQQ Trust
Relevance: low
| Market | US stocks |
|---|---|
| Sector | ETF |
| Close on 10/20/2026 | 717.63 |
| Change that session | -0.10% |
SPY
▲ Likely positiveSPDR S&P 500 ETF
Relevance: low
| Market | US stocks |
|---|---|
| Sector | ETF |
| Close on 10/20/2026 | 769.05 |
| Change that session | +0.34% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
Related news
- US stocks nudge higher as SpaceX, Tesla and Nvidia climb
U.S. stocks were little changed Wednesday morning, with the S&P 500 virtually flat, the Dow down 30 points (0.1%) and the Nasdaq up 0.4% as of 10:15 a.m. Eastern. SpaceX jumped 11.1% after reporting a stronger summer profit than expected, and Elon Musk said the company had taken a step toward considering a possible merger with Tesla, whose shares rose 3.3%. Capital One (+4.1%) and Winnebago (+7.2%) rose on profits above expectations, while Netflix and AT&T fell 4.2% and 5.6% despite beating profit forecasts on weaker growth outlooks. Among AI stocks, Super Micro surged 11.4% after lifting its revenue outlook while CoreWeave slipped 2.1%; the 10-year Treasury yield eased to 5.09% from 5.12%, and Brent crude rose 0.2% to $108.96 a barrel.
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