New: Introducing “Why Is It Moving?” - lightning-fast, AI-driven explanations of stock moves

Learn More

S&P 500, Nasdaq Snag More Records as Tech Resumes Climb

By Emma Duncan | October 08, 2025, 4:28 PM

Driving higher on the back of a Nvidia (NVDA) AI lift, all three major indexes nabbed daily gains on Wednesday. Both the S&P 500 and Nasdaq tapped fresh record closes, resuming their recent run higher, which was thwarted yesterday due to Oracle's (ORCL) selloff. Wall Street pushed the continued U.S. government shutdown aside, as investors unpacked the Federal Reserve's September meeting minutes, which reiterated officials' plans to cut interest rates at least twice more in 2025. 

Continue reading for more on today's market, including: 

  • Space stock blasts higher on telecom deal.
  • Airline giant sees pre-earnings options pop.
  • Plus, takeover talks trigger major moves; FedEx stock sinks; and historical volatility circles the SPX.

Closing Indexes Summary Oct 8

NYSE and Nasdaq Stats Oct 8

5 Things to Know Today

  1. The Internal Revenue Service (IRS) is suffering mass furloughs as the Washington, D.C. shutdown continues. (CNBC)
  2. Why General Motors' (GM) EV leased tax credit program is being squashed. (Reuters)
  3. Takeover talks trigger software stock surge.
  4. Shipping giant suffers bear note blunder.
  5. Historical volatility changes could impact the SPX.
There were no earnings of note today.
 
Unusual Options Activity Oct 8

 

Gold Continues to Crush Record Rise

Russian output, lack of progress on a Ukraine peace deal, and stateside crude demand pushed oil higher today. November-dated West Texas Intermediate (WTI) crude tacked on 82 cents, or 1.3%, to settle at $62.55 per barrel.

Safe-haven assets continued to prove popular, with gold surging further above the significant $4,000 threshold. December-dated gold futures settled 1.6% higher at $4,067.70 per ounce -- a record peak.

Latest News

11 min
38 min
1 hour
1 hour
1 hour
1 hour
1 hour
1 hour
1 hour
2 hours
2 hours
2 hours
2 hours
2 hours
3 hours