US Stocks Rise on Strong Earnings; S&P 500 Adds 0.6% to 7,757.17

U.S. stocks climbed Wednesday after strong profit reports from SpaceX, Capital One Financial and other large companies. The S&P 500 rose 0.6%, pulling closer to its all-time high set earlier this month. The Dow Jones Industrial Average added 0.7% and the Nasdaq composite gained 1.1%. SpaceX's better-than-expected profit report lifted AI-related stocks and Tesla, offsetting losses in Netflix and others pressured by growth concerns. The S&P 500 rose 44.60 points to 7,757.17. The Dow gained 360.21 points to 52,856.09. The Nasdaq rose 278.04 points to 26,702.86. The Russell 2000 added 7.60 points, or 0.3%, to 2,781.02. For the week, the S&P 500 is up 1.3%, the Dow 1.6%, the Nasdaq 2.2% and the Russell 2000 2.2%. Year to date, the S&P 500 is up 13.3%, the Dow 10%, the Nasdaq 14.9% and the Russell 2000 12.1%.