US Stocks Rise as Meta and Tesla Results Lift Nasdaq 100 by 1.1%
The S&P 500 gained 0.6%, the Nasdaq 100 1.1% and the Dow 0.7%, according to Stocktwits. Strong Meta results and SpaceX and Tesla merger talk supported tech shares.
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what happened
US stock indexes closed higher on Wednesday, according to Stocktwits. The S&P 500 rose 0.6%, the Nasdaq 100 gained 1.1%, the Dow Jones Industrial Average added 0.7%, and the small-cap Russell 2000 rose 0.3%. After the close, futures turned mixed, with S&P 500 futures down 0.2% and Nasdaq-100 futures down 0.3% at the time of writing.
Earnings drove tech stocks. SpaceX shares climbed 7% after its third-quarter revenue rose 161%. Elon Musk also said SpaceX and Tesla have set up special committees to evaluate a potential merger, and Tesla shares gained more than 3% ahead of its quarterly report. Meta's after-hours results were strong, lifting tech stocks, while IBM rose 3% after hours after reporting third-quarter revenue and earnings above Wall Street expectations.
why it matters
The rally was led by large technology companies, so their earnings and chip-sector moves continue to weigh heavily on the broad market. A New Mexico judge also ordered Meta to pay 25 billion dollars for deceiving users about data privacy and content moderation, a ruling that adds legal risk to the company.
market impact
US tech sector: strong earnings and SpaceX merger news support the Nasdaq 100 and S&P 500
tags
instruments
sources
- S&P 500, Nasdaq Gain, Powered By Meta, Tesla Stock — SPCX, META, TSLA, SKYD, IBM In Focus — Stocktwits, 21 October 2026 at 23:15 UTC
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