Stocks Rise as Wall Street Cheers SpaceX Earnings

Stocks finished higher across the board on Wednesday, as upbeat earnings from SpaceX (SPCX) and renewed enthusiasm for AI stocks helped fuel a tech rally. Shares of the aerospace company jumped after it reported a 161% surge in quarterly revenue, while Tesla (TSLA) climbed amid reports the two companies are exploring a potential merger. Both the Nasdaq and Dow jumped triple digits, while the S&P 500 posted a solid gain as well. The Russell 2000 extended last session's surge, clocking a third-straight win. 

Elsewhere, Netflix (NFLX) struggled after disappointing guidance, while Meta Platforms (META) made headlines after a federal judge ordered the company to pay a $25 billion fine over user data privacy practices. Investors are now turning their attention to Meta's earnings report after the closing bell.

• Bloom Energy stock higher ahead of earnings tomorrow. 
• Big Tech titans have mixed post-earnings histories. 
• Plus, SMCI lifts AI; T brushed off an earnings beat; and diverging Dow, Nasdaq. 

5 Things to Know Today

1. Notable earnings reports to watch this week. 
2. Schaeffer's Velocity Trader: let us find your volatility opportunities.  
3. Super Micro Computer's raised guidance boosted AI stocks. 
4. Starlink competition concerns overshadow AT&T's upbeat report. 
5. What history says about the recent large cap and tech divergence. 

Commodities Trade Muted

Oil prices were mixed as investors kept an eye on Middle East supply disruptions. Brent crude rose 3 cents, while December-dated West Texas Intermediate (WTI) futures fell 67 cents to settle at $97.15 a barrel.

Gold prices inched higher. December-dated gold futures rose 0.2% to $4,152.60 per ounce.