Wall Street ends higher as Dow adds 360 points, futures slip after earnings
TradingView reports the Dow closed near 53,000 and tech indices rose a third day, while Meta, Tesla and IBM results sent futures lower after the bell.
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what happened
According to TradingView, US stock indices closed higher on Wednesday, October 21, for a third consecutive session. The Dow Jones climbed as much as 360 points intraday and finished at its high near 53,000, while the S&P 500 gained 0.5% and the Nasdaq 1%. SpaceX shares jumped 7% after its quarterly report, with both results and guidance coming in above forecasts.
After the bell, futures turned lower: Dow contracts shed more than 100 points and Nasdaq contracts nearly 200. Meta, Tesla and IBM all beat expectations on core metrics, but some details unsettled investors. The midpoint of Meta's fourth-quarter revenue guidance, $74.5 billion, topped the street's $73.7 billion, yet its shares, up over 5% in extended trading, pared gains to 2.1%. Tesla's automotive revenue fell 3% and energy revenue dropped 16%, while free cash flow slid 62%. The company cut its full-year capex guidance to $20 billion from $25 billion. Elon Musk said any merger with SpaceX would need at least 50% shareholder approval, calling it 'quite a high hurdle'. IBM's gross margins narrowed, though it kept constant-currency revenue growth guidance at 4% to 5%.
Oil prices held above $110 a barrel after an attack on a Saudi Aramco site killed two people, though operations were unaffected. Reports also suggested Vladimir Putin proposed resuming three-way talks with the US and Ukraine during the first 10 days of November. Bond yields and the dollar index were little changed.
why it matters
Strong results from SpaceX and Meta support interest in technology stocks, but Tesla's weaker free cash flow and the margin disappointment show investors are watching spending closely. Oil above $110 keeps energy costs elevated and adds a geopolitical premium, while Western Digital's report later today may offer a read on the memory chip industry.
market impact
US indices and tech stocks: strong results support sentiment, but guidance and spending weigh on futures
tags
instruments
sources
- Dow Jones rallies another 360 points but futures under pressure after Tesla, Meta results — TradingView, 21 October 2026 at 23:31 UTC
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