A strong profit report from SpaceX helps lift AI stocks and Wall Street

NEW YORK (AP) — U.S. stocks climbed following strong profit reports from SpaceX, Capital One Financial and other big companies. The S&P 500 added 0.6% Wednesday and pulled closer to the all-time high it set earlier this month. The Dow Jones Industrial Average added 0.7%, and the Nasdaq composite climbed 1.1%. A much better profit report from SpaceX than analysts expected helped lift several other AI-related stocks, along with Elon Musk’s other public company, Tesla. That made up for losses by Netflix and other stocks hurt by worries about upcoming growth. Treasury yields erased an early dip in the bond market.THIS IS A BREAKING NEWS UPDATE. Check back for updates. AP’s earlier story follows below.NEW YORK (AP) — The U.S. stock market is rising Wednesday following strong profit reports from SpaceX, Capital One Financial and other big companies.The S&P 500 added 0.4% and pulled within 1% of its all-time high...