US stocks rise ahead of earnings season as SpaceX beats estimates
According to Stocktwits, the S&P 500 and Dow closed higher on Tuesday, with 3M and SpaceX's strong quarter supporting the market while Nasdaq gained after the bell.
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what happened
The S&P 500 gained 0.3% on Tuesday and the Dow Jones Industrial Average added 1%, while the small-cap Russell 2000 climbed 1.7%, Stocktwits reported. Investors were positioning ahead of the start of earnings season. The Nasdaq 100 dipped 0.1%, and semiconductor ETFs lost about 0.4% on weakness in Micron, Nvidia and Broadcom, although they recovered after hours.
3M shares jumped more than 5% after the company topped analyst forecasts and raised its full-year outlook, and Northrop Grumman rose over 4%. Crude prices fell, with WTI futures down 1.8% to $101.79 a barrel and Brent down 0.7% to $108.79. After the close, SpaceX reported third-quarter revenue of $14.58 billion against an estimated $13 billion and earnings of $0.35 per share versus $0.13 expected, lifting the Nasdaq about 1%. Elon Musk said SpaceX and Tesla had set up special committees of independent directors to explore a possible combination. Netflix fell roughly 5% in after-hours trading despite beating estimates, after guiding to soft fourth-quarter revenue. Boeing received FAA certification for its 737 MAX 10.
why it matters
Earnings season opens with high expectations, so market reaction to company results will likely drive index direction. Lower oil helped the Dow, showing how sensitive industrial companies are to energy costs. Investors will watch whether tech growth can hold as comparisons become tougher and macroeconomic risks persist.
market impact
S&P 500, Dow, Nasdaq: strong earnings and lower crude support stocks, while tech stays sensitive to guidance
instruments
sources
- S&P 500, Dow Gain As Earnings Season Sets In, While SpaceX Aids Nasdaq After-Hours — SPCX, BA, MMM, NFLX, QCOM In Focus — Stocktwits, 20 October 2026 at 23:47 UTC
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