CNBC Market Wrap: AI Optimism and SpaceX Lift Stocks

This CNBC market update reviews the day’s U.S. stock performance and the factors behind moves in the major averages. It focuses on renewed optimism around artificial intelligence, SpaceX’s quarterly results, and declines in AT&T and Netflix. The report provides a concise overview of investor sentiment and company-specific developments.

■ Major averages
- Dow, S&P 500, and Nasdaq closing changes
- Steady oil prices and AI-related optimism as market drivers

■ SpaceX and AI sentiment
- First quarterly profit since going public
- Analyst comments on monetizing terrestrial data center capacity
- Share price reaction

■ Individual stock movers
- AT&T decline despite earnings, with wireless growth and spectrum competition in focus
- Netflix drop after a weaker ad-revenue outlook; engagement and programming strategy discussed

Viewers seeking a brief summary of the session’s market moves and the news items cited by CNBC can use this report to identify the main themes. It is suited to those tracking daily equity market developments and company-specific headlines. The update does not provide investment advice or detailed financial analysis.