Nasdaq leads Wall Street higher as SpaceX, Super Micro boost AI sentiment
SPY•The Nasdaq rose 1.05% to 26,701.61 as Wall Street closed higher, with SpaceX’s first profit as a public company and Super Micro’s upbeat forecast lifting AI sentiment. The S&P 500 gained 0.58% and the Dow rose 0.68%.
1. Tech stocks lead gains
The Nasdaq led Wall Street higher on Wednesday after SpaceX posted its first profit as a public company and Super Micro Computer forecast quarterly revenue and profit margin above estimates. Super Micro shares jumped, lifting peers HPE and Dell, while SpaceX shares rallied.
2. Indexes close higher
Preliminary data showed the S&P 500 gained 44.64 points, or 0.58%, to 7,757.74; the Nasdaq Composite rose 276.80 points, or 1.05%, to 26,701.61; and the Dow Jones Industrial Average added 355.90 points, or 0.68%, to 52,851.78. The S&P 500 information technology sector was its biggest gainer.
3. Other stocks decline
Communications services stocks limited the market’s gains. Netflix fell after issuing a weaker-than-expected fourth-quarter profit forecast, while AT&T declined despite beating third-quarter revenue and profit estimates. Abbott Laboratories fell after cutting its 2026 sales growth forecast.
