US Pre-Market 21 October 2026: Nasdaq Futures +0.62% as SpaceX and Super Micro Lift AI Hardware; NFLX.US -7.11%
Sentiment: mixed S&P 500 futures: +0.25%
Nasdaq 100 futures are +0.62% and S&P 500 futures +0.25% at 8:31am ET on 21 October 2026, after SpaceX reported a 161% jump in third-quarter revenue and Super Micro Computer raised its quarterly sales outlook by $4 billion. NFLX.US is -7.11% pre-market after Netflix's full-year revenue forecast came in below estimates and it cut its ad revenue guidance, per CNBC. South Korea's KOSPI rose 3.29% as SK Hynix gained 6.38%, a day after the index fell 3.73%.
Overnight drivers
- SPCX.US +8.70% pre-market after SpaceX reported third-quarter revenue of $14.58 billion, up 161%, per CNBC. Elon Musk said SpaceX and Tesla have formed special committees to discuss a merger; TSLA.US is +1.40% ahead of its own results after the close.
- SMCI.US +12.04% after Super Micro lifted its fiscal first-quarter revenue outlook to $18.5 billion to $19.5 billion, from $14.5 billion to $15.5 billion, citing AI platform demand. DELL.US is +6.90% and HPE.US +4.63%.
- KOSPI +3.29% to 5,735.66 as SK Hynix rose 6.38% and Samsung Electronics 5.03%, per CNBC. Kospi 200 futures rose 5% at one point and triggered a five-minute halt on program trading. SKHY.US is +3.66% and MU.US +3.27% pre-market.
- NVDA.US +1.81% after Nvidia announced Vera Rubin server racks built to ship by truck, per CNBC. SMH.US is +1.68% and AMD.US +1.94%.
- Rates and oil: the 10-year Treasury yield is 5.096%, down 2.1 bps, per CNBC, ahead of the 28 October Fed decision. December WTI is +0.40% at $98.21 and Brent +0.17% at $108.98.
Tuesday on Wall Street
The S&P 500 closed at 7,712.57 on 20 October 2026, up 0.28%, as health care rose 2.37% to a record and financials gained 1.20%, while META.US fell 1.59% to $694.25 a day before its results.
- S&P 500: 7,712.57 (+0.28%)
- Nasdaq: 26,424.82 (-0.02%)
- Dow: 52,495.88 (+1.02%)
- Russell 2000: 2,773.42 (+1.65%)
- VIX: 17.34 (+0.17% this morning)
MMM.US rose 5.78% on raised guidance and added $9.36 a share to the Dow, which beat the S&P 500 by 74 bps. GM.US fell 6.84% on a narrowed profit range and is +0.12% pre-market. Dow futures are +0.19%, against +0.62% for the Nasdaq 100, the reverse of Tuesday's split.
Overnight Asia and Europe
Japan's Nikkei 225 closed at 64,621.24 on 21 October 2026, up 0.85%, as Advantest rose 5.31%, SoftBank Group 4.70% and Tokyo Electron 3.02%, per CNBC.
- Nikkei 225: 64,621.24 (+0.85%)
- KOSPI: 5,735.66 (+3.29%)
- Hang Seng: 23,651.87 (-0.90%)
- Shanghai Composite: 3,713.03 (-0.60%)
- S&P/ASX 200: 8,831.30 (+0.16%)
- STOXX 600: 642.63 (+0.62%)
- DAX: 25,520.69 (+0.85%)
- CAC 40: 7,895.68 (+0.73%)
- FTSE 100: 10,741.89 (+0.08%)
CATL fell 9.1% in Hong Kong after its third-quarter profit missed Citi's forecast, per CNBC. UK inflation rose to 3.5% in September against a 3.4% Reuters poll, on motor fuel costs. Carrefour fell 10.6% in Paris after cutting its profit forecast, citing unrest in France. Japan's September exports rose 16.7%, below the 20.1% Reuters poll.
Pre-market movers
| Ticker | Move | Reason |
|---|---|---|
| SMCI.US | +12.04% | Fiscal Q1 revenue outlook raised to $18.5 billion to $19.5 billion |
| SPCX.US | +8.70% | Third-quarter revenue $14.58 billion, up 161% |
| DELL.US | +6.90% | Server peer of Super Micro after its outlook raise |
| HPE.US | +4.63% | Server peer of Super Micro after its outlook raise |
| COF.US | +3.43% | Third-quarter EPS $5.61, against $4.83 a year earlier |
| NFLX.US | -7.11% | Full-year revenue forecast below estimates; ad revenue guidance cut |
| ISRG.US | -6.85% | $450 million pre-tax charge to settle antitrust litigation |
| T.US | -5.20% | Beat estimates; capital spending plan slightly above FactSet consensus |
| DHR.US | -4.47% | Revenue $6.55 billion against $6.56 billion expected |
| ABT.US | -4.09% | Narrowed 2026 adjusted EPS guidance to $5.50 to $5.55 |
- $12.87 billion was Netflix's third-quarter revenue, up 12% and in line with estimates, per CNBC.
- ISRG.US earned an adjusted $3.00 a share on revenue of $3.05 billion, per CNBC. da Vinci 5 placements rose to 315 from 240 a year earlier, per GuruFocus. The stock gained 1.11% on Tuesday before the report.
- T.US reported adjusted EPS of $0.65 against a $0.60 LSEG estimate and revenue of $32.3 billion against $31.69 billion, and raised its full-year EPS guidance, per CNBC.
- DHR.US posted adjusted EPS of $2.11 against $1.92 expected and raised its full-year EPS guidance, per CNBC. ABT.US also announced a plan to separate its nutrition business, with adjusted EPS of $1.42.
- Memory and storage: WDC.US +4.11%, STX.US +3.87% and SNDK.US +3.35%, in line with the 6.38% SK Hynix gain in Seoul.
- UAL.US +0.79% even though adjusted EPS of $2.54 and revenue of $17.88 billion trailed LSEG estimates of $2.57 and $17.90 billion. PM.US is -2.85% after 2026 guidance came in below FactSet estimates.
US economic calendar today (ET)
- 7:00am (released): MBA mortgage applications fell 5.3% last week as the 30-year fixed rate eased to 7.41% from 7.50%, the first decline in over two months, per the Mortgage Bankers Association.
- Before the open (released): AT&T, Danaher, Abbott, Philip Morris International and CME Group.
- 10:30am: EIA weekly crude oil inventories.
- After the close: Meta, Tesla, IBM, Texas Instruments, Lam Research and Southwest Airlines report.
What to watch
- SMH.US +1.68% pre-market after a 0.38% fall on Tuesday, when the Russell 2000 gained 1.65% and led the session.
- META.US is -0.39% pre-market into its results after the close; TSLA.US is +1.40% into its report.
- The Fed's blackout period runs to 29 October ahead of the 28 October FOMC decision; the 2-year yield is 4.776%, per CNBC.
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