Wall Street rises as SpaceX earnings lift AI stocks, offsetting Netflix and AT&T declines

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Wall Street stocks rose Wednesday as strong earnings from SpaceX and other companies offset disappointing results from Netflix and AT&T, with the S&P 500 up 0.7 percent and the Nasdaq composite gaining 1.2 percent. SpaceX climbed 6.9 percent after reporting stronger-than-expected summer profits, while Elon Musk said the company considered a possible merger with Tesla, which rose 3.6 percent. Capital One Financial and Winnebago Industries also rallied on better-than-expected results, but Netflix fell 4.4 percent and AT&T dropped 6.1 percent on weaker growth forecasts. AI-related stocks showed mixed movement, with Nvidia rising 2.4 percent and Super Micro Computer gaining 9.3 percent on strong demand signals, while CoreWeave remained volatile. The 10-year Treasury yield eased to 5.11 percent, and Brent crude oil fell slightly to $108.73 per barrel amid ongoing market uncertainty.


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