Japan's Takaichi Says to Start Releasing National Oil Reserves from Thursday

TradingKey - On October 20, Eastern Time, Elon Musk revealed during SpaceX's (SPCX) third-quarter earnings call that SpaceX and Tesla (TSLA) have formed a special committee composed of independent directors to evaluate a potential merger.

SpaceX (SPCX) reported its third-quarter 2026 financial results. Revenue for the period reached $14.575 billion, up 161% year-over-year. Overall, the earnings report provides evidence that AI investments are beginning to contribute to revenue and profit. However, capital expenditures still significantly exceed operating cash flow, and whether the improvement in profitability can be sustained remains a key factor in evaluating the stock's potential.

On October 20, Eastern Time, a pullback in oil prices from earlier gains and a decline in U.S. Treasury yields eased the impact of recent pressure on AI-related stocks on market sentiment. Investors continued to monitor the situation in the Middle East, with conflicting reports regarding the progress of U.S.-Iran negotiations taking center stage during intraday trading. At the close, the Dow Jones Industrial Average rose 1.02% to 52,495.88 points; the Nasdaq Composite Index fell 0.02% to 26,424.82 points; and the S&P 500 Index rose 0.28% to 7,712.57 points.

TradingKey - Meta stock forecast: META defends $694.88 Fibonacci support before Wednesday's Q3 report, where a $10 billion legal charge and 2027 capex take center stage.

TradingKey - Tesla (TSLA) will release its third-quarter 2026 earnings report after the US market close on October 21 Eastern Time, followed by an earnings conference call at 17:30 ET on the same day. Markets are focusing on the commercialization progress of Robotaxi, FSD, and Optimus, as well as expanding capital expenditures.