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Wall Street Ticks Higher After SpaceX Helps Lift AI Stocks
SpaceX’s stronger profit and 161% revenue growth renewed interest in AI-linked stocks, while Netflix’s revenue outlook fell short of analysts’ estimates.
- On Wednesday, U.S. Futures ticked higher as Wall Street digested strong profit reports from SpaceX and Capital One Financial, while earnings from Netflix and AT&T disappointed investors.
- Big expectations for earnings growth pushed the U.S. stock market to record highs, though inflation and higher interest rates continue weighing on the market and limiting investor confidence.
- SpaceX jumped 10% after reporting a stronger profit for the summer than analysts expected, while Netflix shares dropped more than 6% after lowering ad sales guidance.
- Oil prices soared as risks of transiting the Strait of Hormuz drove energy costs higher, with Brent crude jumping 1.3% to $110.21 per barrel Wednesday.
- Investors remain focused on earnings reports from Meta and Tesla expected later Wednesday, as market participants gauge whether corporate profits justify recent record stock valuations.
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78 Articles
78 Articles
Sydney Morning Herald+3 Reposted by 3 other sources
ASX set for flat start, Wall Street climbs; Meta ordered to pay $36 billion in privacy case; Tesla results ahead
The US stock market is ticking higher as strong profit reports from SpaceX, Capital One Financial and other big companies offset updates from Netflix and AT&T that investors found disappointing.
·North Sydney, Australia
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Wall Street gains ground after SpaceX helps lift AI stocks
The U.S. stock market is gaining ground as strong profit reports from SpaceX, Capital One Financial and other big companies offset updates from Netflix and AT&T that investors found disappointing. The S&P 500 rose 0.7% Wednesday. The Dow Jones Industrial…
CointelegraphReposted by 
The New York Ledger
The New York LedgerUnexpectedly High SpaceX Q3 Earnings Send BTC Price Toward $85,000
Bitcoin nears $85,000 for the first time in two weeks as SpaceX Q3 earnings allay stock-market fears over AI spending.
·New York, United States
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The Washington Post+7 Reposted by 7 other sources
Wall Street drifts as SpaceX climbs and Netflix falls
·Washington, United States
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Coverage Details
Total News Sources78
Leaning Left19Leaning Right12Center20Last UpdatedBias Distribution39% Center
Bias Distribution
- 39% of the sources are Center
39% Center
L 37%
C 39%
R 24%
Factuality
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