SpaceX and tech sector lift Wall Street as oil falls below $97

FinanceInternationalXTB.comOct 21, 2026, 1:46 PM30 s readAI summary

SpaceX posted its first quarterly profit of $4.4 billion, fueling optimism in the tech sector, while Supermicro raised its revenue guidance by $4 billion on demand for AI servers. The S&P 500 rose 0.29% to 7,808 points and the Nasdaq 100 gained 0.56% to 30,062. Crude oil fell below $97 after reports of progress in peace talks, and Bitcoin recovered toward $84,500.

In 30 seconds

SpaceX reported its first quarterly profit of $4.4 billion, boosting tech optimism.
Supermicro raised its revenue guidance by $4 billion on AI server demand.
Oil fell below $97 after reports of diplomatic progress toward a truce.

Read the full story at XTB.com

IASummary generated by artificial intelligence from a story by XTB.com. It may contain errors: the original source prevails.

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SpaceX and tech sector lift Wall Street as oil falls below $97

In 30 seconds

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Keep reading

IMF backs economic rescue bill as Banco de la República calls for rigor in its review

Parks and attractions in Colombia generated US$1.095 billion in 2024, according to IAAPA

President requests urgent congressional passage of fiscal adjustment bill

Oil edges lower after U.S. bombs Iran ahead of Election Day