Stock market today: Dow, S&P 500, Nasdaq futures rise as earnings roll in, SpaceX stock surges

US stock futures rose on Wednesday as SpaceX’s (SPCX) results renewed enthusiasm for AI-related equities ahead of earnings from Tesla (TSLA) and Meta (META). Futures for Dow Jones Industrial Average (^YM=F) were little changed, while the S&P 500 (^ES=F) gained 0.3%. Contracts for the Nasdaq 100 (NQ=F) climbed 0.9% after the major averages closed mixed on Monday.Shares of SpaceX surged 6% in post-market trading after the Elon Musk-led company posted better-than-expected quarterly results driven by AI infrastructure and cloud services growth. Musk said both SpaceX and Tesla have formed special committees to discuss the idea of a merger. Tesla, along with social media giant Meta, is expected to report results after the bell on Wednesday, kicking off Big Tech’s earnings season. Meanwhile, Netflix (NFLX) shares plunged in premarket after the streamer’s Q4 revenue forecast missed estimates and 2026 ad revenue guidance was lowered. Brent crude futures (BZ=F) rose to $109 per barrel, while West Texas Intermediate crude (CL=F) traded near $98 per barrel.