US markets open higher as tech stocks rebound
What Happened
US stocks opened higher on October 21. At the opening bell, the Dow Jones gained 0.30%, the S&P 500 rose 0.31%, and the Nasdaq Composite advanced 0.67%. The early gains were supported by stronger sentiment toward AI-related stocks following results from SpaceX and Super Micro Computer.
Key Takeaways
By around 12:38 pm ET, the rally had strengthened: Nasdaq Composite was up about 1%, S&P 500 0.5%, and Dow Jones about 0.3%. SpaceX gained around 10%, while Tesla rose more than 3%.