Market AnalysisIMPORTANTOctober 20 at 06:02 PM

[MARKET UPDATE] NQ gaps higher (+0.9%) amid SPCX and SMCI guidance as futures trading resumes (ES +0.4%, RTY/YM +0.2%); T-note futures -1.5 ticks, WTI Dec USD +0.5/bbl, Spot gold flat

StockNow breaking-news AI analysis

The headline reported higher index futures and mixed commodity moves. Separate articles described a SpaceX compute target and Supermicro preliminary estimates, which remain unaudited and subject to revision.

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SMCISuper Micro Computer, Inc. Common Stock$37.54Current price

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Today's market highlights

A selection of stories drawing attention in the market.

Geopolitics

Iranian Foreign Minister Araghchi posts his interview with Iraqi network, says indirect negotiations with the US are continuing through intermediary countries, including Pakistan and Qatar, despite Washington's public opposition to talks

U.S. Markets

[EARNINGS CALL] SpaceX (SPCX) CEO Musk says a merger between SpaceX and Tesla (TSLA) would be a good idea but is far from certain, noting that shareholder support is required, including approval from 50% of all Tesla shares

SPCXTSLA U.S. Markets

[EARNINGS CALL] SpaceX (SPCX) CEO Musk says demand for AI compute is likely to remain strong, with even older H100s (NVDA) renting for more than when they were new, while warning that a shortage of superintelligence compute could persist for a long time

SPCXNVDA