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US stocks climb on corporate profits
U.S. stocks opened mixed on Wednesday, supported by the results of companies like SpaceX and Tesla. SpaceX reported a 161% revenue growth in the third quarter, and its stock rose by 8%, while Tesla's shares increased by over 3% amid news of discussions about a potential merger between the two companies. Meanwhile, Netflix's stock fell by more than 5% due to revenue forecasts falling short of expectations and cautiousness regarding its advertising outlook. Experts predict that the upcoming earnings season may support a rise in stocks as the year draws to a close, despite concerns about volatility driven by artificial intelligence and geopolitical tensions. Investors are also awaiting the upcoming earnings announcements from IBM and Southwest Airlines.
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