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Gary Black: U.S. stocks edge higher as SPCX results boost tech

Gary Black: U.S. stocks edge higher as SPCX results boost tech
SPCX results support tech, U.S. stocks up

U.S. stocks edged higher, with the S&P 500 rising 0.1% and the Nasdaq 100 gaining 0.5%, as SPCX reported strong third-quarter results that eased concerns over artificial intelligence spending and lifted technology shares. Notable moves included SPCX up 9%, Nvidia up 1.3%, Micron Technology up 1.9%, SKHY up 2.6%, Dell up 4%, and Tesla rising 1.8% to $380, following comments by Elon Musk on the SPCX earnings call.

Gary Black shared the update.

Earlier, Gary Black cited negative earnings revisions and growing autonomy risks as reasons for caution on TSLA in a previous note. He also reported on mixed U.S. stock moves during a chip selloff, as Brent crude dropped to $105 after Saudi Arabia intercepted missiles in an earlier update. These reports reflect changing conditions in both equities and commodities in recent months.

This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.

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