U.S. shares rose in morning trading Wednesday as investors assessed SpaceX's results and awaited earnings from Meta Platforms (META) and Tesla (TSLA) after the
U.S. shares rose in morning trading Wednesday as investors assessed SpaceX's results and awaited earnings from Meta Platforms (META) and Tesla (TSLA) after the
Stocks Climb as SpaceX Delivers an Earnings Surprise. But AI Debt Fears Are Building
U.S. stocks advanced as SpaceX rallied 10% after beating earnings estimates, while investors prepared for quarterly results from two major technology companies
U.S. shares rose in morning trading Wednesday as investors assessed SpaceX's results and awaited earnings from Meta Platforms META and Tesla TSLA after the close.
The Nasdaq Composite added 0.6%, while the S&P 500 gained 0.3% and the Dow Jones Industrial Average rose 0.1%. SpaceX SPCX climbed 10% after reporting revenue and earnings above Wall Street forecasts, supported by growth in its AI business.
Investors also considered financing risks tied to AI expansion. Charlie Bilello, chief market strategist at Creative Planning, said AI-related bond issuance had reached $419 billion in 2026, 90% above the full-year 2025 total. He warned that stock-market booms can be followed by credit risks.
Treasury yields declined. The 10-year yield fell three basis points to 5.09%, the two-year rate slipped two basis points to 4.77%, and the 30-year yield lost three basis points to 5.40%.
Oil prices eased, with U.S. crude at $97.06 a barrel and Brent at $108.21. The Mortgage Bankers Association's Composite Index fell 5.3% last week, despite mortgage rates declining for the first time in two months.
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Averytin News Financial update.