Wall Street rises in Wednesday trading as SpaceX results lift technology shares; Nasdaq up about 1.2%

US stocks were higher in afternoon trading on Wednesday 21 October. As of 12:46pm Chicago time (5:46pm GMT), the Dow Jones Industrial Average was up 0.5%, the S&P 500 up 0.7% and the Nasdaq Composite up 1.2%, Yahoo Finance reported. Trading on the New York Stock Exchange ends at 4pm New York time (8pm GMT), so closing figures were not yet available.

Earlier in the session, Reuters reported the Dow up 76.77 points, or 0.15%, at 52,572.65, the S&P 500 up 0.35% at 7,739.72 and the Nasdaq up 0.86% at 26,651.94. Il Sole 24 Ore Radiocor reported similar levels at 3:18pm GMT. On Tuesday the Dow closed at 52,495.88, the S&P 500 at 7,712.57 and the Nasdaq at 26,424.82, according to the Associated Press.

Shares of SpaceX rose as much as 10% after the company reported quarterly results and Elon Musk said SpaceX and Tesla had formed special committees to discuss a possible merger, Yahoo Finance said. Super Micro Computer rose more than 9% after forecasting quarterly revenue and profit margin above estimates, Reuters reported. Netflix fell about 4% after its fourth-quarter revenue forecast missed estimates, according to Yahoo Finance.

The yield on the benchmark US 10-year Treasury note was down about 1.5 basis points at 5.102%, Reuters said. Tesla and Meta were due to report results after the market close.

For Tuesday’s session, see our earlier report.