Strong earnings from SpaceX and other firms lift Wall Street stocks

U.S. stocks rose Wednesday after strong profit reports from SpaceX, Capital One Financial and other major companies, with the S&P 500 gaining 0.6% to within 0.8% of its all-time high. SpaceX climbed 7.8% after beating profit expectations, and Elon Musk's comment about a possible Tesla merger helped lift Tesla 3.4%. Capital One rose 2.5%, and Winnebago Industries jumped 10.7% despite weak RV demand. Netflix fell 5.3% and AT&T dropped 6.4% on weaker outlooks despite beating profit forecasts. AI stocks remained volatile, with CoreWeave swinging between gains and losses, while Nvidia rose 2.5% and Super Micro Computer rallied 9.5% on strong AI demand. The 10-year Treasury yield held at 5.12%, and Brent crude settled at $108.82 amid war-related uncertainty.