Nasdaq Composite closes 1.1 percent higher on SpaceX earnings

The Nasdaq Composite closed at 26,702.86 points on October 21, gaining 278.04 points or 1.1 percent. Strong results from SpaceX and Super Micro Computer revived demand for artificial intelligence stocks, AP reported.

SpaceX posted its first profit as a public company and reported USD 14.6 billion in quarterly revenue. Super Micro Computer rose more than 9 percent after lifting its revenue and profit-margin outlook, while Netflix fell after issuing weaker guidance, Reuters said.

Why did the Nasdaq Composite rise?

SpaceX's results eased concerns about the sustainability of AI investment. Super Micro's stronger forecast offered a second signal of resilient demand for AI infrastructure. The technology sector rose 1.3 percent during afternoon trading, while communication services fell 1.2 percent, according to Reuters.

Nasdaq Composite gains as AI shares rebound

Netflix lost 4.5 percent after its fourth-quarter profit forecast disappointed. Alphabet fell 1.6 percent, while Tesla gained 3.5 percent before its results. Nasdaq advancing issues outnumbered decliners by 1.59 to 1, with 2,883 stocks rising and 1,818 falling, Reuters reported.

Nasdaq Composite weekly and yearly balance

The index gained 562.82 points or 2.2 percent during the week. It was up 3,460.87 points or 14.9 percent for 2026, according to AP.

What comes next for the Nasdaq Composite

• October 22, 2026, 8:30 a.m. ET: Weekly initial jobless claims are due, with a 198.5K estimate versus 199.0K previously, Morningstar reports.
• October 22, 2026, 10:00 a.m. ET: September leading indicators are scheduled, with a 0.0 percent estimate versus minus 0.1 percent previously, Morningstar reports.

Nasdaq Composite price data for October 21, 2026

The Nasdaq Composite closed at 26,702.86 points on October 21, 2026, up 278.04 points or 1.1 percent from the previous close of 26,424.82 points. The previous close is shown by Nasdaq.

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