US stock futures rise as SpaceX surges on strong quarterly results
US stock futures rose Tuesday evening, led by Nasdaq futures, after SpaceX shares surged following better-than-expected quarterly results, while investors await upcoming corporate earnings. S&P 500 futures gained 0.3% to 7,776.75 points, and Nasdaq 100 futures climbed 1% to 29,955.75 points, with Dow Jones futures largely flat. SpaceX shares jumped over 8% in after-hours trading after the Elon Musk-led company reported third-quarter revenue up 161% year-over-year to $14.58 billion, beating analyst expectations, with net income of $4.4 billion versus a loss of $1.1 billion a year earlier. AI-related revenue grew more than ninefold, though Netflix fell 6% on slowing revenue growth, while Super Micro Computer rose 16% on strong guidance. The moves followed a mixed session on Wall Street, with the Dow up 1% and S&P 500 gaining 0.3%, while the Nasdaq Composite slipped slightly. Falling oil prices supported broader markets after crude hit six-month highs on Middle East supply concerns, with attention now turning to Wednesday's results from Tesla and Meta.