{"id":440599,"date":"2026-10-22T15:18:43","date_gmt":"2026-10-22T08:18:43","guid":{"rendered":"https:\/\/www.swingfish.trade\/blog\/market-news\/thursday-22nd-oct-2026-wall-street-rises-as-spacex-tesla-fuel-technology-rally-440599\/"},"modified":"2026-10-22T15:18:43","modified_gmt":"2026-10-22T08:18:43","slug":"thursday-22nd-oct-2026-wall-street-rises-as-spacex-tesla-fuel-technology-rally","status":"publish","type":"post","link":"https:\/\/www.ic.com\/blog\/thursday-22nd-oct-2026-wall-street-rises-as-spacex-tesla-fuel-technology-rally\/","title":{"rendered":"Thursday 22nd Oct 2026: Wall Street Rises as SpaceX, Tesla Fuel Technology Rally"},"content":{"rendered":"
\n

Global Markets:<\/strong><\/h3>\n

\u25cf\u00a0 \u00a0 \u00a0 \u00a0 \u00a0Asian Stock Markets : Nikkei down 1.76%, Shanghai Composite down 0.89% Hang Seng down 2.91% ASX down 0.38%<\/p>\n

\u25cf\u00a0 \u00a0 \u00a0 \u00a0 Commodities : Gold at $4,107.70 (-1.04%) Silver at $56.390 (-2.28%), Brent Oil at 110.68 (1.73%), WTI Oil at 98.52 (1.41%)<\/p>\n

\u25cf\u00a0 \u00a0 \u00a0 \u00a0 Rates : US 10-year yield at 5.086, UK 10-year yield at 5.3833, Germany 10-year yield at 3.4151<\/p>\n

News & Data:<\/strong><\/h3>\n

\u25cf\u00a0 \u00a0 \u00a0 \u00a0 (USD) \u00a0 Crude Oil Inventories\u00a0 3.1M to 0.1M\u00a0 expected<\/p>\n

Markets Update:<\/strong><\/h3>\n

U.S. stocks rose on Wednesday as strong revenue growth at SpaceX and potential merger discussions with Tesla boosted technology shares and renewed enthusiasm for artificial intelligence-related investments.<\/p>\n

The Nasdaq Composite gained 1.05% to close at 26,702.86, while the S&P 500 advanced 0.58% to 7,757.17. The Dow Jones Industrial Average climbed 360.21 points, or 0.69%, to finish at 52,856.09.<\/p>\n

SpaceX shares surged 7% after the company reported 161% revenue growth in the third quarter. Elon Musk also revealed that SpaceX and Tesla had established special committees to discuss a potential merger. Tesla shares rose more than 3% ahead of its earnings report.<\/p>\n

SpaceX\u2019s artificial intelligence business expanded ninefold, lifting semiconductor stocks. Advanced Micro Devices gained more than 3%, Nvidia rose over 2%, and Micron Technology and Marvell Technology advanced nearly 2%. The VanEck Semiconductor ETF also climbed close to 2%.<\/p>\n

Despite renewed optimism, investors remain concerned about the sustainability of AI-related investments, particularly debt-funded spending and whether infrastructure demand justifies substantial capital expenditures. However, Cresset Chief Market Strategist Joe Zidle expects earnings reports to demonstrate continued strength across the sector.<\/p>\n

Investors also awaited quarterly results from Meta Platforms, IBM and Southwest Airlines after Wednesday\u2019s close.<\/p>\n

Netflix shares fell more than 5% after its full-year revenue forecast missed analysts\u2019 expectations. The streaming company also lowered its advertising revenue guidance, weighing on its stock during the session.<\/p>\n

\u00a0Upcoming Events:<\/strong><\/p>\n

\u25cf \u00a0 \u00a0 \u00a0 12:30 PM\u00a0 \u00a0 GMT \u00a0 \u2013 \u00a0 USD \u00a0 Unemployment Claims<\/p>\n

Risk Warning:<\/strong>\u00a0Trading in securities involves significant risk. Prices may fluctuate and securities can become entirely valueless. You may incur losses that exceed your potential profits, and in some cases, losses may exceed the amount you have deposited. Securities, futures, options, and contracts for differences are complex financial instruments and are not suitable for all investors. Engaging in such transactions requires a sound understanding of the associated risks. Please read and ensure you fully understand our\u00a0Risk Disclosure<\/a>.<\/p>\n

Our leverage is dynamic and may change at any time. Such changes may affect your positions and margin requirements. You are responsible for monitoring your positions and maintaining sufficient margin at all times.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

Global Markets: \u25cf\u00a0 \u00a0 \u00a0 \u00a0 \u00a0Asian Stock Markets : Nikkei down 1.76%, Shanghai Composite down 0.89% Hang Seng down 2.91% ASX down 0.38% \u25cf\u00a0 \u00a0 \u00a0 \u00a0 Commodities : Gold at…<\/p>\n","protected":false},"author":202,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[86],"tags":[],"class_list":["post-440599","post","type-post","status-publish","format-standard","hentry","category-market-news"],"_links":{"self":[{"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/posts\/440599","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/users\/202"}],"replies":[{"embeddable":true,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/comments?post=440599"}],"version-history":[{"count":0,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/posts\/440599\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/media?parent=440599"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/categories?post=440599"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/tags?post=440599"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}