Futures rise on SpaceX and chips

Stock futures are higher across the board Wednesday morning. The Nasdaq is getting the biggest boost from SpaceX's eight percent post-earnings pop and gains in chip stocks. Oil prices and bond yields are mostly steady.

SpaceX reports strong quarter

SpaceX turned in a much better-than-expected quarter with positive adjusted EBITDA across all three segments: Space, Connectivity, and Super Intelligence.

Netflix shares tumble on weak outlook

Netflix shares are tumbling six percent after reporting disappointing results. Fourth-quarter revenue outlook was below expectations due to a delay in rolling out advertising product features. Needham downgraded the stock to hold from buy.

Capital One rises on strong results

Capital One reported strong quarterly results driven by better-than-expected net interest income and credit metrics.Shares are up nearly four percent.

“reach out and touch the full earnings power of the Discover-Capital One combination”

Super Micro Computer soars on beat

Super Micro Computer preannounced a huge beat for the September quarter, expecting net sales of eighteen point five billion to nineteen point five billion dollars, well above estimates of fifteen billion dollars.

Abbott cuts guidance, plans spinoff

Abbott Laboratories shares are off four percent after lowering its full-year comparable sales growth outlook to six percent, down from six point five to seven point five percent.

United Airlines hit by fuel costs

United Airlines shares are flat after the carrier missed on quarterly earnings and revenue and cut its outlook.High jet fuel prices are impacting profitability.

Micron rallies on Taiwan labor deal

Micron announced an agreement with a union representing workers at its Taichung operations in Taiwan.The memory giant still needs to reach a separate deal with a union in nearby Taoyuan.