Reported about 18 hours ago
US stocks experienced a significant rise on October 8, 2025, as the S&P 500 and Nasdaq Composite hit record highs, with the latter closing above 23,000 for the first time. This surge followed the release of Federal Reserve minutes indicating a likelihood of further interest rate cuts this year, despite ongoing concerns about a government shutdown that is limiting economic data. Additionally, gold prices surged to record levels amidst a growing preference for safe-haven assets.
Source: YAHOO