Wall Street Charges Back To Record Highs, Gold Hits $4,050: What's Moving Markets Wednesday?

Author: Piero Cingari | October 08, 2025 01:40pm

The brief pause in the market rally didn't last long. Wall Street resumed its climb toward fresh records on Wednesday, powered by another relentless surge in technology stocks — while in commodities, gold continues to defy the laws of gravity.

Both the S&P 500 and the Nasdaq 100 leapt to new all-time highs, hitting 6,755 and 24,070, respectively.

But it was the Russell 2000 that stole the spotlight, jumping 1% and nearly erasing Tuesday's losses as small caps joined the party.

The AI frenzy is still in full swing. Advanced Micro Devices Inc. (NASDAQ:AMD) surged 7%, while Micron Technology Inc. (NASDAQ:MU) gained 5%.

AMD has now soared 38% in the past three sessions following its landmark investment in OpenAI, marking its strongest three-day rally since April 2016.

In commodities, spot gold smashed through the $4,050 per ounce level, up 1.8% higher, logging its 12th gain in the past 14 sessions. Silver rallied 3.3% to $49.42, just shy of breaking its April 2011 record high of $49.83.

Gold mining stocks — tracked by the VanEck Gold Miners ETF (NYSE:GDX) — are on pace for a 10th consecutive weekly gain and are now up 135% year-to-date, outpacing every other U.S. equity industry.

Meanwhile, Bitcoin (CRYPTO: BTC) edged 1.2% higher to $123,700, extending its steady climb alongside other risk assets.

Wednesday’s Performance In Major U.S. Indices, ETFs

Major Indices	Price	1-day %
• Russell 2000	2,483.23	1.0%
• Nasdaq 100	25,077.79	0.9%
• S&P 500	6,757.66	0.6%
• Dow Jones	46,769.45	0.4%

According to Benzinga Pro data:

• The Vanguard S&P 500 ETF (NYSE:VOO) rose 0.6% to $618.68.
• The SPDR Dow Jones Industrial Average (NYSE:DIA) inched 0.3% up to $467.43.
• The tech-heavy Invesco QQQ Trust Series (NASDAQ:QQQ) rose 0.9% to $609.63.
• The iShares Russell 2000 ETF (NYSE:IWM) rose 1.1% to $246.78.
• The Technology Select Sector SPDR Fund (NYSE:XLK) outperformed, up 1.3%; the Communication Services Select Sector SPDR Fund (NYSE:XLC) lagged, down 0.5%.

S&P 500’s Top 5 Gainers

Name	% Change
Advanced Micro Devices Inc.	+8.32%
Arista Networks Inc. (NYSE:ANET)	+7.55%
Dell Technologies Inc. (NYSE:DELL)	+6.78%
ON Semiconductor Corporation (NASDAQ:ON)	+5.81%
Datadog Inc. (NASDAQ:DDOG)	+5.75%

S&P 500’s Top 5 Losers

Name	% Change
Fair Isaac Corporation (NYSE:FICO)	-8.75%
Warner Bros. Discovery Inc. (NASDAQ:WBD)	-4.33%
Live Nation Entertainment Inc. (NYSE:LYV)	-3.55%
Tyson Foods Inc. (NYSE:TSN)	-2.85%
Fox Corporation (NASDAQ:FOXA)	-2.53%

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Posted In: $BTC AMD ANET DDOG DELL DIA FICO FOXA GDX IWM LYV MU ON QQQ TSN VOO WBD XLB XLC XLK