Wall Street closes higher, Nasdaq gains 1.05%
- Last updated: October 22, 2026 | 12:46
Americans flag behind a Wall Street sign near the New York Stock Exchange (NYSE) in New York City on Monday. AFP.
Wall Street's major stock indices closed higher on Wednesday, led by the Nasdaq Composite, which gained more than 1%.
The S&P 500 rose 44.64 points, or 0.58%, to 7,757.74, while the Nasdaq Composite advanced 276.80 points, or 1.05%, to 26,701.61.
The Dow Jones Industrial Average also gained 355.90 points, or 0.68%, to close at 52,851.78, according to preliminary data.
The gains were driven by a rally in technology and AI-related stocks, supported by stronger-than-expected corporate earnings, particularly from SpaceX, which boosted investor confidence.
Wall Street's gains were fuelled by a rally in technology and AI-related shares, as upbeat corporate earnings strengthened investor sentiment.
WAM