See the full story in the original article.
Read the original on haitisun.com ↗
Keywords
Wall StreetSpaceXS&P 500Nasdaq
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 10/21/2026 | 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% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
Related news
- Wall Street climbs after SpaceX third - quarters earnings
Wall Street rose on Wednesday as SpaceX shares jumped sharply after its third-quarter report showed 161% revenue growth and a ninefold increase in its AI business. The S&P 500 gained 44.65 points (0.58%) to 7,757.22, the Dow Jones Industrial Average added 361.22 points (0.69%) to 52,857.10, and the NASDAQ Composite led with a 278.04-point (1.05%) gain to 26,702.86. The U.S. dollar slipped modestly against most major currencies in quiet trading. In Europe, Germany's DAX rose 1.35% to 25,645.04, while in Asia Hong Kong's Hang Seng fell 0.90% and Japan's Nikkei 225 rose 0.85% to 64,621.24.
- Wall Street climbs after SpaceX third - quarters earnings
- Wall Street climbs after SpaceX third - quarters earnings
- Wall Street climbs after SpaceX third - quarters earnings
- 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%.
- How major US stock indexes fared Wednesday 10/21/2026
U.S. stocks rose Wednesday, helped by strong earnings from SpaceX, Capital One Financial and other large companies. The S&P 500 gained 0.6% to 7,757.17, moving closer to its all-time high set earlier this month, while the Dow rose 0.7% to 52,856.09 and the Nasdaq composite climbed 1.1% to 26,702.86. SpaceX's profit beat analyst expectations by a wide margin and lifted AI-related stocks and Tesla, offsetting losses in Netflix and other shares hit by growth concerns. For the week, the S&P 500 is up 1.3%, and for the year it is up 13.3%.
Related markets
Latest news
- Musk's wants to merge SpaceX and Tesla: Here's what to know
Musk said SpaceX and Tesla have formed special committees to study a merger, which would be worth about $3.5 trillion combined and would be the largest corporate deal in history. SpaceX, valued at about $2 trillion after a record listing this year, absorbed Musk's AI startup xAI in February, while Tesla is valued at about $1.5 trillion. Musk holds about 82 percent of SpaceX's voting power but only about 20 percent at Tesla. Dan Ives puts the odds of a deal at 90 percent by early 2027, though Musk called the requirement of a majority of all Tesla shares 'quite a high hurdle'. Loyal retail investors hold an estimated 25 to 27 percent of Tesla shares, and legal obstacles appear slight because both companies moved their incorporation to Texas from Delaware.
- CoreWeave and Nebius Stocks Are Crashing. Time to Buy the Dip?
Shares of Nebius and CoreWeave each fell 25% in the week of October 12 to 16. The sell-off stems from the yield on CoreWeave's debt in the secondary market surging to 15%, versus roughly 5% on Treasuries, which pushes the debt into 'distressed' territory and signals doubts about its ability to meet obligations. Nebius sold off in sympathy as a fellow neocloud company. The bigger concern is that both companies must keep issuing debt to fund data centers, and if yields are high at issuance, the assumption of nearly unlimited cheap capital could be challenged. The author says it is unclear whether now is the time to buy.
- Disney’s multiplatform Super Bowl plan frustrates ABC affiliates
ABC station owners are irritated that Disney is airing the Super Bowl across several platforms, including Disney+, ESPN2, NFL Network and ESPNU, even though the game is already on ABC and ESPN. A station group CEO estimates that the combined platforms could cut broadcast ad revenue by up to 35% compared with last year. Local affiliates typically earn about 3% of annual ad revenue from the Super Bowl and pay network owners reverse retransmission fees, but Disney+ lacks geofenced ad insertion, so affiliates cannot sell ads to streaming viewers. Disney says national commercials will be identical on all platforms and that streaming major live events is standard industry practice. Super Bowl LX drew 125.6 million viewers in February.
- Nasdaq sell-off: A momentum unwind 'for the record books'
Matt Stucky, chief portfolio manager for equities at Northwestern Mutual Wealth Management, calls Thursday’s sell-off in the Nasdaq Composite (^IXIC) a momentum unwind “for the record books.” He says the market spent the first half of 2026 driven by a beta and momentum trade led by semiconductors, but in the third quarter, as rates rose, money shifted into quality stocks. He does not think the sell-off is justified by fundamentals, arguing that institutional portfolio managers swapping out of factor positions can drag down whole baskets of stocks. In semiconductors, spot rental rates for Nvidia Blackwell chips are higher than a month ago, showing tightening compute supply, even as financing costs rise and investors worry about neocloud business models and the rising cost of insuring their bonds.
- Meta’s deal to keep Zuckerberg in California adds fuel to wealth tax debate ahead of election
Meta says Mark Zuckerberg will remain in California for eight years and has created a new stock plan that could help cover his taxes if Proposition 40, a 5% tax on Californians worth over $1 billion, passes on Election Day on Nov. 3. According to a filing released with its third-quarter earnings, Meta will issue non-voting Class C shares starting in January, and Zuckerberg can sell or transfer up to 20% of the shares granted to him without affecting his majority voting control. The filing says Zuckerberg’s leadership is crucial to the company’s growth and its AI ambitions, including Meta Superintelligence Labs. Most of the tech industry opposes the measure, while a recent Citrin-Politico poll found 46% in favor and 43% against, suggesting it may fall short of the majority support it needs.
- Dune launches real-time data feeds covering 200 onchain trading venues
Blockchain analytics platform Dune has launched real-time market data feeds covering more than 200 onchain trading venues, aiming to bring this data into the systems of traditional financial institutions. The feeds draw trade data from 12 blockchains, including Ethereum, Solana and Base, about one second after execution, covering both spot trading on decentralized exchanges and perpetual futures on Hyperliquid and Lighter. Early clients include quant funds, market makers, asset managers and bank trading desks, which use the data to assess liquidity and compare prices, though Dune did not name them. Meanwhile, the tokenized stock market has grown sharply, with distributed value reaching $3.58 billion, but 16 companies, including Microsoft, Alphabet and Goldman Sachs, have objected to their shares being traded on OKXICE’s proposed platform, and liquidity remains fragmented.
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.