US stock futures rise after SpaceX posts strong quarterly results
US index futures climbed overnight after SpaceX reported third-quarter results, while oil rose on US-Iran tensions and long-dated Treasury yields stayed above 5%, according to Stocktwits.
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what happened
According to Stocktwits, Nasdaq-100 futures gained more than 1% in Tuesday's overnight session, S&P 500 futures added 0.35%, and Dow futures edged slightly lower. By the close, the Dow Jones Industrial Average rose more than 1%, the S&P 500 finished 0.28% higher, and the Nasdaq Composite lost 0.02%.
The main driver was SpaceX's earnings: third-quarter revenue reached $14.58 billion against expectations of about $13 billion, and earnings per share came in at $0.35 versus a forecast of $0.13. AI-related revenue hit $7.56 billion, surpassing Starlink for the first time. Netflix shares fell nearly 5% after a weak forecast, while 3M rose nearly 6% after beating estimates and raising its full-year outlook.
Tensions between the US and Iran remain high, and Iran's foreign minister said the Strait of Hormuz would stay closed until Washington accepts Tehran's conditions. Brent traded at $110.24 a barrel and WTI at $99.05. The 10-year Treasury yield stood at 5.127%, and the 30-year at 5.439%.
why it matters
Three factors matter for markets now: this week's earnings from technology companies including Meta, Tesla, IBM and AT&T, geopolitical risk for oil supply, and high government bond yields that weigh on equity valuations.
market impact
US stocks and oil: Iran tensions support Brent, while high Treasury yields pressure equity valuations
instruments
sources
- Nasdaq, S&P 500 Futures Climb After SpaceX’s Blowout Quarter: SMCI, NFLX, GE Stocks In Focus — Stocktwits, 21 October 2026 at 03:38 UTC
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