Wall Street: opens higher (S&P +0.3 per cent), SpaceX up 8.4 per cent on speculation of a merger with Tesla

(Il Sole 24 Ore Radiocor) - Wall Street opens higher following the latest quarterly results. Shares in SpaceX, Elon Musk’s company, are up 8.4 per cent at the start of trading, after the firm announced a 161 per cent rise in turnover in the third quarter. Musk also stated that SpaceX and Tesla, his car manufacturer, are discussing a possible merger. Tesla, which is due to publish its quarterly results after the markets close today, is up 2.8 per cent. At present, the Dow Jones is up 26.20 points (+0.05 per cent), the S&P 500 is up 13.34 points (+0.17 per cent), the Nasdaq is up 135.28 points (+0.51%). WTI crude oil on the NYMEX is down 0.53% at $97.30 per barrel.

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