SpaceX reports 161% revenue increase as US markets rise

US stock markets closed higher, with the S&P 500 up 0.6%, the Dow up 0.7%, and the Nasdaq up 1.1%. The market gains were driven by a 7.8% jump in SpaceX shares following the company's report of $14.6 billion in third-quarter revenue, representing a 161% increase from the previous year.

In international news, Russia has released American Stephen James Hubbard after nearly five years of imprisonment. Hubbard had been charged with fighting as a mercenary for Ukraine. The release was announced during a visit by a high-level US envoy and is viewed as a potential sign of warming relations between Washington and Moscow.