Nasdaq rises about 1% as chipmakers and SpaceX rally
The Nasdaq Composite rose 1.05%, the S&P 500 gained 0.58% and the Dow added 360 points on Wednesday. Chipmakers led tech higher and SpaceX shares rose nearly 8% after its quarterly results beat estimates. AT&T fell about 6% and Netflix also fell after its revenue forecast.
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Why it matters
Investors in funds that track the S&P 500 or Nasdaq saw gains Wednesday, led by chipmakers and SpaceX. Not every stock rose: AT&T fell about 6% and Netflix also fell after its forecast.
Sources
- Yahoo Finance: Stock market today, Oct. 21
- Benzinga: SpaceX jumps, Nasdaq 100 rises as AI trade returns (midday)
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