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By Jim Edwards Executive Editor, Global News Down Arrow Button Icon By Jim Edwards Executive Editor, Global News Down Arrow Button Icon October 21, 2026, 6:35 AM ET Both of Elon Musk’s companies rose in overnight trading. SpaceX was up 8.86% post-market, and Tesla rose 1.42%. ANGELA WEISS / AFP via Getty Images Traders woke up in a cheerful mood today, shaking off the riots in France and the rising price of oil.
Asia was mixed but the European indexes rose in early trading. U.S. futures were up before the open in New York. Nasdaq futures were up 0.43% after SpaceX reported Q3 earnings that solidly beat analysts’ expectations.
Both of Elon Musk’s companies rose in overnight trading. SpaceX was up 8.86% post-market, and Tesla rose 1.42%. S&P 500 futures were up 0.24% this morning.
The index rose 0.28% yesterday. In Europe, the Stoxx 600 rose 0.54% in early trading, and the U.K.’s FTSE 100 rose marginally 0.03% before lunch. Asia: South Korea’s KOSPI was up 3.29%.
Japan’s Nikkei 225 was up 0.85%. India’s Nifty 50 was down 0.66%. China’s CSI 300 was down 0.97%.
Brent crude was $110 per barrel. Bitcoin was at $83,346. Wells Fargo “buy” signal sees retail traders going against the bears The recent selloff in stocks has moved Wells Fargo’s “Sentiment Indicator” into “buy” territory, meaning that it senses that other investors’ moves in the markets are too bearish and thus you should bet against them.
The S&P 500 has risen 89% of the time after the signal appears, by 6.5% on average over the next three months, according to Ohsung Kwon and his colleagues. They also noticed that retail traders are coming back into the market: Where the earnings growth will come from This chart from Glenmede shows that projected Q3 earnings in the S&P 500 are expected to total $180 billion, of which $116 billion will come from the Magnificent Seven companies and the rest of the tech industry. (The chart is a little confusing because at the bottom it shows the index reported $618 billion in the previous quarter, then adds the $180 billion expected gain in Q3, for a total of $798 billion.) Read the full digital edition of today’s Fortune 500 Digest here. Fortune Daily breaks the traditional barrier between audience and newsroom.
The show transforms Fortune ’s trusted reporting into actionable, conversational, and entertaining insights for an emerging class of business leaders. Watch here. About the Author Jim Edwards is the executive editor for global news at Fortune .
He was previously the editor-in-chief of Business Inside r's news division and the founding editor of Business Insider UK . His investigative journalism has changed the law in two U.S. federal districts and two states. The U.S.
Supreme Court cited his work on the death penalty in the concurrence to Baze v. Rees , the ruling on whether lethal injection is cruel or unusual. He also won the Neal award for an investigation of bribes and kickbacks on Madison Avenue.
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Source: Fortune
