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1h ago

S&P 500, Nasdaq Set New Records as Tech Rally Extends

Intraday readings of the Dow diverged across outlets, underscoring how timing shaped Wednesday’s snapshots.

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Overview

  • The S&P 500 rose 0.6% to 6,753.72 and the Nasdaq climbed 1.1% to 23,043.38 to close at records, while the Dow edged down 1 point to 46,601.78.
  • AI-linked and information-technology shares led gains, with the sector up about 1.1% on the day.
  • Gold pushed further above $4,000 per ounce as oil advanced following a larger-than-expected 3.715 million-barrel build in U.S. crude inventories.
  • U.S. mortgage applications declined 4.7% in the week ending Oct. 3.
  • Dell jumped about 9% on higher analyst price targets; Critical Metals gained 15% on a rare earth offtake deal; Select Medical rose 13% on an RBC target hike, while Esperion (-19%), Zeta (-47%) and Envoy (-38%) fell after equity offerings.