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October 22, 2026

A strong profit report from SpaceX helps lift tech stocks

By STAN CHOE
AP Business Writer

NEW YORK — The U.S. stock market rose Wednesday following strong profit reports from SpaceX, Capital One Financial and other big companies.

The S&P 500 added 0.6% and pulled within 0.8% of its all-time high set earlier this month. The Dow Jones Industrial Average gained 360 points, or 0.7%, and the Nasdaq composite climbed 1.1%.


 
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