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News 2026-10-21 20:11 UTC

US Stocks Rise on Tech Gains

US stock indices closed higher on Wednesday, with the S&P 500 rising 0.6%, the Nasdaq gaining 1.1%, and the Dow adding 360 points, as upbeat results from SpaceX and Super Micro Computer revived optimism about AI demand. SpaceX surged 7.8% after Elon Musk said a merger with Tesla would be “a good idea,” while the compan