Nasdaq 100 index rises 1%, S&P 500 rises 0.4%
2026-10-21 23:47:14
According to CoinMeta, the Nasdaq 100 index rose by 1%, and the S&P 500 index rose by 0.4%, with tech stocks rebounding. The stock price of SMCI increased by 12%, and its first-quarter revenue forecast was raised to $18.5 billion to $19.5 billion, with expected strong gross margins, indicating resilience in demand for AI servers. The stock price of SPCX rose by 8%, reporting profits for the first time as a publicly traded company, and Elon Musk also mentioned potential mergers with Tesla. Dell, HPE, and NVIDIA also saw gains, helping to restore market confidence after the sell-off last week. This rebound occurred after the Philadelphia Semiconductor Index experienced its longest eight-day decline in 18 years.
Source:X
This content is for market information only and does not constitute investment advice.
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