Wall Street rises on strong earnings, Meta fined $36 billion in privacy case

US stocks rose Wednesday as strong earnings from SpaceX and Capital One offset disappointing results from Netflix and AT&T, while Australian futures pointed to a flat ASX open. The S&P 500 gained 0.6 per cent, the Dow rose 0.4 per cent, and the Nasdaq climbed 1.2 per cent. SpaceX jumped 10.1 per cent on better-than-expected profit, and Tesla rose 3.6 per cent ahead of its results. A judge ordered Meta to pay New Mexico $US25 billion ($36 billion) for privacy violations. Netflix fell 5.2 per cent and AT&T dropped 6.5 per cent despite beating profit estimates, as investors focused on weak forecasts. Treasury yields eased to 5.10 per cent, and Brent crude held near $US108.95 a barrel.