Economy / Markets
SpaceX and chip gains lift Wall Street as the Fed decision looms
US indexes rose on 21 October as space and semiconductor shares rallied: the Dow added 360.21 points, or 0.7%, to 52,856.09, the Nasdaq Composite climbed 278.04 points, or 1.05%, to 26,702.86 and the S&P 500 gained 44.60 points, or 0.6%, to 7,757.17. SpaceX closed about 8% higher after results, Super Micro rose 9.5%, Nvidia 2.5% and AMD 3.4%, while Netflix fell 5.3% on soft guidance and AT&T dropped 6.4%. Oil stayed elevated near $98 for WTI and $110 for Brent. Traders expect the Federal Reserve to hold rates on 28 October while pricing a possible December hike.