{"id":84892,"date":"2026-10-22T16:01:48","date_gmt":"2026-10-22T05:01:48","guid":{"rendered":"https:\/\/www.icmarkets.com.au\/blog\/?p=84892"},"modified":"2026-10-22T16:01:51","modified_gmt":"2026-10-22T05:01:51","slug":"thursday-22nd-oct-2026-wall-street-rises-as-spacex-tesla-fuel-technology-rally","status":"publish","type":"post","link":"https:\/\/www.icmarkets.com.au\/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\n\n\n

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

\u25cf        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\n\n\n

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

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

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

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

SpaceX’s 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\n\n\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\n\n\n

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

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

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

\u25cf       12:30 PM    GMT   –   USD   Unemployment Claims<\/p>\n","protected":false},"excerpt":{"rendered":"

Global Markets: \u25cf         Asian Stock Markets : Nikkei […]<\/p>\n","protected":false},"author":8,"featured_media":79441,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[196,215,339],"tags":[],"class_list":["post-84892","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-fundamental-analysis","category-market-analysis","category-recent-posts"],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/www.icmarkets.com.au\/blog\/wp-json\/wp\/v2\/posts\/84892","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.icmarkets.com.au\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.icmarkets.com.au\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.icmarkets.com.au\/blog\/wp-json\/wp\/v2\/users\/8"}],"replies":[{"embeddable":true,"href":"https:\/\/www.icmarkets.com.au\/blog\/wp-json\/wp\/v2\/comments?post=84892"}],"version-history":[{"count":1,"href":"https:\/\/www.icmarkets.com.au\/blog\/wp-json\/wp\/v2\/posts\/84892\/revisions"}],"predecessor-version":[{"id":84893,"href":"https:\/\/www.icmarkets.com.au\/blog\/wp-json\/wp\/v2\/posts\/84892\/revisions\/84893"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.icmarkets.com.au\/blog\/wp-json\/wp\/v2\/media\/79441"}],"wp:attachment":[{"href":"https:\/\/www.icmarkets.com.au\/blog\/wp-json\/wp\/v2\/media?parent=84892"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.icmarkets.com.au\/blog\/wp-json\/wp\/v2\/categories?post=84892"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.icmarkets.com.au\/blog\/wp-json\/wp\/v2\/tags?post=84892"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}