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Wall Street Drifts as SpaceX Climbs and Netflix Falls
Strong profit reports from SpaceX, Tesla and Nvidia helped lift the market, while Netflix and AT&T disappointed investors.
- The S&P 500 rose 0.2% on Wednesday as SpaceX, Tesla, and Nvidia led gains fueled by strong quarterly profit reports from major companies.
- Capital One Financial rose 4% and Winnebago Industries climbed 6.5% after topping profit expectations, offsetting disappointing forecasts from Netflix and AT&T that fell short of analyst projections.
- Super Micro Computer rallied 12% after citing "increased demand for AI platforms," while Treasury yields fell to 5.09% from 5.12%, reducing borrowing costs for companies and Americans.
- CoreWeave fell 1.4% after erasing early gains, reflecting volatility across Other AI-linked stocks as market participants weighed high growth expectations against slowing momentum concerns.
- Brent crude remained unsteady near $108 per barrel this month, while Wall Street awaits further quarterly results as macroeconomic pressures from the Iran conflict persist.
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12 Articles
12 Articles
The Washington Post+6 Reposted by 6 other sources
Wall Street drifts as SpaceX climbs and Netflix falls
·Washington, United States
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Coverage Details
Total News Sources12
Leaning Left3Leaning Right3Center6Last UpdatedBias Distribution50% Center
Bias Distribution
- 50% of the sources are Center
50% Center
L 25%
C 50%
R 25%
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