SpaceX earnings lift US stock indexes to new highs
U.S. stocks climbed on Wednesday, October 21, 2026, after strong profit reports from SpaceX, Capital One Financial, and other major companies. The S&P 500 added 0.6% to close at 7,757.17, moving closer to the all-time high set earlier in the month. The Dow Jones Industrial Average rose 0.7% to 52,856.09, while the Nasdaq composite climbed 1.1% to 26,702.86.
U.S. stocks climbed on Wednesday, October 21, 2026, after strong profit reports from SpaceX, Capital One Financial, and other major companies. The S&P 500 added 0.6% to close at 7,757.17, moving closer to the all-time high set earlier in the month. The Dow Jones Industrial Average rose 0.7% to 52,856.09, while the Nasdaq composite climbed 1.1% to 26,702.86.
SpaceX delivered a profit report that exceeded analyst expectations, a result that helped lift several artificial intelligence-related stocks. Tesla, another public company under Elon Musk's ownership, also benefited from the sentiment. These gains offset losses from Netflix and other shares weighed down by concerns over upcoming growth.
The Russell 2000 index of smaller companies rose 7.60 points, or 0.3%, to finish at 2,781.02.
For the week ending Wednesday, the S&P 500 is up 97.73 points, or 1.3%. The Dow is up 853.68 points, or 1.6%, and the Nasdaq is up 562.82 points, or 2.2%. The Russell 2000 is up 59.65 points, or 2.2%.
Year-to-date performance shows broader market strength. The S&P 500 is up 911.67 points, or 13.3%. The Dow is up 4,792.80 points, or 10%. The Nasdaq is up 3,460.87 points, or 14.9%, and the Russell 2000 is up 299.11 points, or 12.1%.