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Nasdaq 26,425 Β· SpaceX surges on earnings beat, merger hints with Tesla ‌ ‌ ‌ ‌ ‌
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Stock Mornings
Your weekday pre-market read on US stocks.
Issue #86 Β· Wednesday, October 21, 2026
Volatility (VIX)  Cautious Β· 17.4  β–² from 17.3 yesterday
Stocks edged higher as mixed earnings and housing weakness offset AI-sector momentum from SpaceX's strong results.
 
 

●  The Numbers

S&P 5007,712.57  +0.28%
-1.19% this week
Nasdaq Composite26,424.82  -0.02%
-2.87% this week
Dow Jones52,495.88  +1.02%
+1.60% this week
Russell 20002,773.42  +1.65%
-0.36% this week

Before the bell: see how Asia, Europe & US futures traded overnight →

●  The Movers

Leaders

^RUT Russell 2000+1.65%
TSLA Tesla+1.54%
^DJI Dow Jones+1.02%

Laggards

META Meta-1.59%
GOOGL Alphabet-1.13%
AAPL Apple-1.00%

The day's best and worst of the tracked indices and mega-caps Β· day-over-day change.

●  The Read

S&P 500 β€” description, not prediction

Trading above both its 50-day (7,704.27) and 200-day (7,279.93) averages β€” the longer-term trend reads as up. 30-day range 7,551.81–7,818.93; currently in the middle third of that range. RSI(14) 56 β€” momentum firm.

See where every market sits on the daily page β†’

●  The Brief

 SpaceX surges on earnings beat, merger hints with Tesla

SpaceX shares jumped over 8% after reporting strong third-quarter revenue growth and CEO Elon Musk mentioned a potential Tesla tie-up, signaling confidence in the company's AI infrastructure demand. (CNBC)

 Housing deteriorates as Fed considers more rate hikes

September housing data weakened further, complicating the Federal Reserve's interest-rate strategy just as officials weigh whether additional increases are needed to combat inflation. (CNBC)

 United Airlines cuts 2026 profit outlook on fuel costs

United trimmed its annual profit forecast due to climbing fuel prices, though customers continue booking flights despite airlines raising fares to offset rising expenses. (CNBC)

 AT&T gains internet subscribers despite SpaceX competition

AT&T's fiber internet business posted strong third-quarter subscriber growth, showing traditional telecom can compete against emerging satellite-internet providers like SpaceX's Starlink. (MarketWatch)

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Markets 101

What is diversification?

Spreading money across many holdings so no single one can sink you. It's why broad index funds are popular β€” one purchase holds hundreds of companies across sectors.

β€œMarkets are a description of today, not a forecast of tomorrow.”

Stock Mornings is an educational digest for US readers. Nothing here is financial, investment, tax, or legal advice. Stocks carry risk β€” you can lose money, and past performance does not predict future results. Some links may be affiliate links; we may earn a commission at no cost to you. Prices via Yahoo Finance, captured shortly before the opening bell.

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