The U.S. stock market in New York closed with all three major indexes rising together. The tech-heavy Nasdaq Composite led the gains with an increase of more than 1%, while the Standard & Poor's (S&P) 500 index approached the record high set earlier this month. The Dow Jones Industrial Average also rose more than 360 points.

▶ Nasdaq Up 1.05%... S&P 500 Nears Record High

On the 21st (local time), the Dow Jones Industrial Average closed at 52,856.09 on the New York Stock Exchange, up 360.21 points (0.69%) from the previous trading day. The S&P 500 index finished the session at 7,757.17, up 44.60 points (0.58%), narrowing the gap with its record high set earlier this month.

The Nasdaq Composite rose 278.04 points (1.05%) from the previous session to 26,702.86, posting the largest gain among the three major indexes. While all major indexes moved higher on the day, the Nasdaq recorded a gain in the 1% range, whereas the Dow and the S&P 500 rose only 0.69% and 0.58%, respectively, showing a difference in the magnitude of gains.

Notably, the S&P 500's approach to its previous peak is a point worth watching. Whether it will rise further and whether such high index levels can be sustained have emerged as focal points of market interest.

▶ SpaceX Q3 Revenue Up 161%... Swings from Net Loss to Profit

Meanwhile, the third-quarter results of U.S. aerospace company SpaceX also drew attention as notable corporate news. According to the disclosed figures, SpaceX's revenue for the third quarter of 2026 was $14.6 billion, up about 161% from $5.6 billion in the same period a year earlier. The expansion of its artificial intelligence (AI) business and the growth of the Starlink communications segment were cited as the background for the revenue increase.

Net income came in at $4.4 billion, a turnaround to profit from a net loss of $1.1 billion in the same period last year. The year-over-year improvement in net income was $5.5 billion. Operating income was reported at $2.8 billion and adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA) at $8.8 billion, with the adjusted EBITDA roughly four times the $2.2 billion recorded a year earlier.

However, no direct causal relationship has been confirmed between SpaceX's results and the rise in the major New York stock indexes on the day. The company's earnings and the market's closing trends should be considered separately.

On the day, the New York stock market wrapped up trading with all three major indexes closing higher. With the Nasdaq's relatively large gain and the S&P 500's approach to its record high standing out, attention remains focused on what course the major indexes will take from their current levels.

[This article is intended to provide information for investment reference and does not recommend the purchase or sale of any specific stock. Content is subject to change depending on market conditions. Investment decisions and any resulting responsibility rest with the investor. AI provided some assistance.]