S&P 500, Dow and Nasdaq Close Higher as Tech Leads Wednesday Rally

The S&P 500 rose 0.59%, the Dow 0.69% and the Nasdaq led with a 1.05% gain Wednesday, as technology stocks paced the advance.

The S&P 500 closed at 7,757.85, up 0.59% on the day, while the Dow Jones Industrial Average finished at 52,856.09, up 0.69%, and the Nasdaq Composite led the major averages with a 1.05% gain to 26,702.86. The Russell 2000 added a more modest 0.16% to 2,781.02. The 10-year Treasury yield rose 0.57% to 5.147%, while the VIX, a measure of expected market volatility, fell 3.64% to 16.68.

How the market closed
IndexCloseChange
S&P 5007,757.85+0.59%
Dow Jones Industrial Average52,856.09+0.69%
Nasdaq Composite26,702.86+1.05%
Russell 20002,781.02+0.16%
VIX (volatility index)16.68-3.64%
10-year Treasury yield5.147%+0.57%

Source: Index levels at the close · as of October 21, 2026 at 4:36 PM ET · The 10-year Treasury yield is shown as a yield; its change is the percentage change in that yield.

The biggest S&P 500 moves

Skydance Corporation led S&P 500 gainers, up 10.85%, after Axios reported that Versant's CEO said the company was not likely to buy Skydance's cable networks. Supermicro jumped 9.49% after the company dramatically raised its fiscal first-quarter revenue projections, which Investor's Business Daily and Business Insider both tied to strong AI server demand. Charles River Laboratories rose 9.33% and also touched a 52-week high. Bloom Energy gained 7.13%, which CNBC said came as traders positioned ahead of the company's Thursday third-quarter report.

AT&T fell 6.45%, its steepest S&P 500 decline, even after beating earnings and revenue estimates and raising full-year guidance; Barron's said concerns about competition from Starlink overshadowed the results, while Investor's Business Daily noted that wireless subscriber growth only met expectations. Netflix dropped 5.31% and touched a 52-week low. Dexcom fell 6.39%, Chipotle Mexican Grill declined 5.26% and also hit a 52-week low, and Expedia Group slid 5.03%; no source in our facts explained these three moves.

S&P 500: biggest gains today
StockCompanyCloseChange
SKYDSkydance Corporation$7.87+10.85%
SMCISupermicro$35.55+9.49%
CRLCharles River Laboratories$344.87+9.33%
ECHOEchoStar Corporation$92.64+7.23%
BEBloom Energy Corporation$238.53+7.13%

Source: Closing prices against the prior close, S&P 500 members · as of October 21, 2026 at 4:36 PM ET

S&P 500: biggest declines today
StockCompanyCloseChange
TAT&T$21.91-6.45%
DXCMDexcom$80.26-6.39%
NFLXNetflix$65.04-5.31%
CMGChipotle Mexican Grill$28.09-5.26%
EXPEExpedia Group$285.64-5.03%

Source: Closing prices against the prior close, S&P 500 members · as of October 21, 2026 at 4:36 PM ET

Sectors

Seven of the eleven S&P 500 sectors finished higher. Technology led by a wide margin, up 1.66%, followed by industrials, up 0.91%, and financials, up 0.57%. Communication services lagged, down 1.09%, with real estate and consumer staples also among the day's decliners.

Sectors today
SectorChange
Technology+1.66%
Industrials+0.91%
Financials+0.57%
Utilities+0.29%
Energy+0.26%
Materials+0.16%
Consumer discretionary+0.03%
Health care-0.49%
Consumer staples-0.73%
Real estate-0.74%
Communication services-1.09%

Source: Sector index funds, change on the day · as of October 21, 2026 at 4:36 PM ET

New highs and lows

Twenty-five S&P 500 stocks touched a 52-week high on Wednesday, including Charles River Laboratories, Hasbro and Waters Corporation. Two stocks touched a 52-week low: Netflix and Chipotle Mexican Grill.

S&P 500 stocks at a 52-week high or low today
StockCompanyTouchedCloseChange
CRLCharles River Laboratories52-week high$344.87+9.33%
HASHasbro52-week high$114.00+4.09%
WATWaters Corporation52-week high$457.47+3.31%
AAgilent Technologies52-week high$177.76+2.75%
MTDMettler Toledo52-week high$1,677.94+2.69%
FDSFactSet52-week high$319.91+2.45%
ZBRAZebra Technologies52-week high$391.00+1.80%
MRNAModerna52-week high$245.81+1.54%
NFLXNetflix52-week low$65.04-5.31%
CMGChipotle Mexican Grill52-week low$28.09-5.26%

Source: Session range against the 52-week range, S&P 500 members · as of October 21, 2026 at 4:36 PM ET · 25 at a high and 2 at a low in all; the largest moves are listed.

On the calendar

Wednesday's releases showed the MBA 30-year mortgage rate at 7.41%, down from 7.5% the prior week, while weekly data from the Energy Information Administration showed gasoline stocks fell 2.95 million barrels, more than the 0.4 million barrel decline expected, and crude oil stocks fell 3.06 million barrels, also exceeding the forecast decline of 0.8 million barrels.

Thursday brings weekly jobless claims data, including initial claims, continuing claims and the four-week average, all due at 8:30 AM ET. Before Thursday's open, Allegion, Blackstone, CBRE Group, Comcast, Quest Diagnostics, Dover Corporation, Dow Inc., Huntington Bancshares, Honeywell, Lockheed Martin, Nasdaq Inc., Norfolk Southern Railway, NVR, PG&E Corporation and Procter & Gamble are all scheduled to report earnings.

Today's US economic releases
Time (ET)ReleaseActualConsensusPrior
7:00 AMMBA 30-Year Mortgage Rate (Oct/16)7.41%—7.5%
10:30 AMEIA Gasoline Stocks Change (Oct/16)-2.95M-0.4M3.52M
10:30 AMEIA Crude Oil Stocks Change (Oct/16)-3.06M-0.8M-8.56M

Source: Economic calendar, US releases of high and medium impact

On the calendar for Thursday, October 22, 2026
WhenWhatEstimate
8:30 AM ETInitial Jobless Claims (Oct/17)200K
8:30 AM ETContinuing Jobless Claims (Oct/10)1,720K
8:30 AM ETJobless Claims 4-Week Average (Oct/17)200K
Before the openALLE (Allegion) earnings$2.50
After the closeBE (Bloom Energy Corporation) earnings$0.69
Before the openBX (Blackstone Inc.) earnings$1.26
Before the openCBRE (CBRE Group) earnings$1.97
Before the openCMCSA (Comcast) earnings$0.99
After the closeDECK (Deckers Brands) earnings$1.80
Before the openDGX (Quest Diagnostics) earnings$2.87
Before the openDOV (Dover Corporation) earnings$2.85
Before the openDOW (Dow Inc.) earnings$0.64
After the closeFIX (Comfort Systems USA, Inc.) earnings$12.85
Before the openHBAN (Huntington Bancshares) earnings$0.35
Before the openHON (Honeywell) earnings$2.17
Before the openLMT (Lockheed Martin) earnings$7.52
Before the openNDAQ (Nasdaq, Inc.) earnings$1.02
After the closeNEM (Newmont) earnings$1.96
Before the openNSC (Norfolk Southern Railway) earnings$3.46
Before the openNVR (NVR, Inc.) earnings$102.77
After the closeOMC (Omnicom Group) earnings$2.67
Before the openPCG (PG&E Corporation) earnings$0.42
Before the openPG (Procter & Gamble) earnings$1.88

Source: Economic and company earnings calendars · 28 S&P 500 companies report in all.

Sources

How this was made

Built from WiseView and market data, with reporting from the sources above. Drafted with AI assistance and reviewed by an editor before publishing. How this report is made

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