EconomyStocks Rally on Strong Earnings; SpaceX AI Spending Weighs on Shares

U.S. equity futures rise after stocks closed at a record high for the first time since June. SpaceX shares extend their decline as the company’s artificial-intelligence spending weighs on the reception to its debut earnings results. Oil prices advance after a new Houthi threat to Middle East shipping offsets President Trump’s optimism about a possible U.S.-Iran deal. Matt McLennan of First Eagle Investments discusses the resilience of U.S. corporate profit margins.