Stock Sentiment

Market Wrap: Wednesday, October 21, 2026 — S&P 500, Nasdaq & Dow Jones

October 21, 2026

Market Wrap: Wednesday, October 21, 2026 — S&P 500, Nasdaq & Dow Jones
Photo by Kanchanara on Unsplash

S&P 500

7757.17

+0.58%

Nasdaq Composite

26702.86

+1.05%

Dow Jones Industrial Average

52856.09

+0.69%

Today's market session was marked by a broad-based rally, with the S&P 500, Nasdaq Composite, and Dow Jones Industrial Average all ending higher. The S&P 500 notched a 3-day win streak, rising 0.58%, while the Nasdaq Composite jumped 1.05%, led by gains in tech stocks. The Dow Jones Industrial Average also participated in the rally, gaining 0.69%. The rally was driven by a combination of factors, including hopes for improved US-Iran relations, which triggered a decline in oil prices, and a flurry of earnings reports from major companies.

The tech sector was a key driver of the rally, with SpaceX and Tesla shares surging on news of potential deal talks. SpaceX's stock price rose significantly, following a report that its revenue had doubled in the latest quarter. Other notable movers included Meta, which is set to report earnings soon, and ExxonMobil, which is nearing a new high. However, not all stocks participated in the rally, with AT&T and Netflix falling on the day. Overall, the market tone was risk-on, with investors seeming to shrug off concerns and focus on the positive developments in the market.