S&P 500 Tests Records Ahead Nvidia Results, MongoDB Rockets: What's Moving Markets Wednesday?

Author: Piero Cingari | August 27, 2025 12:32pm

Wall Street traded cautiously on Wednesday, with major indices little changed at midday as investors awaited NVIDIA Corp.‘s (NASDAQ:NVDA) second-quarter earnings after the bell.

NVDA is performing well relative to peers. See the market dynamics here.

The AI giant has more than doubled in value since April's tariff-driven low, becoming the poster child of a rally that pushed the S&P 500 to record highs this month.

Traders are laser-focused on Nvidia's Blackwell chip momentum, China updates and gross margins — three factors likely to steer not only the stock but the broader market reaction.

By midday in New York, the S&P 500 edged up 0.2% to 6,478, just shy of its record highs of 6,481. Nvidia shares added 0.1% to $182.

The Nasdaq 100 also ticked up 0.1% to 23,550, roughly 2% below its all-time peak, while the Dow gained 0.3% to 45,500, within striking distance of its 45,757 record. Small caps extended their recent streak of relative outperformance, with the Russell 2000 climbing 0.5%.

Treasuries came under mild pressure, pushing the 30-year yield to 4.96% — its highest since Aug. 1.

Commodities were mixed: WTI crude rose 1% to $63.88, gold held flat at $3,395 and copper slipped 1% to $4.40 per pound.

Bitcoin (CRYPTO: BTC) edged up 0.2% to $112,000, building on Tuesday's 1.5% advance.

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

Major Indices	Price	1-day Chg. %
Russell 2000	2,370.65	0.5%
Dow Jones	45,545.67	0.3%
S&P 500	6,478.73	0.2%
Nasdaq 100	23,552.24	0.1%

According to Benzinga Pro data:

• The Vanguard S&P 500 ETF (NYSE:VOO) edged 0.2% higher to $594.21.
• The SPDR Dow Jones Industrial Average (NYSE:DIA) rose 0.30% to $455.70.
• The tech-heavy Invesco QQQ Trust Series (NASDAQ:QQQ) edged 0.1% up to $573.20.
• The iShares Russell 2000 ETF (NYSE:IWM) rose 0.58% to $235.65.
• The Energy Select Sector SPDR Fund (NYSE:XLE) outperformed, up 1.24%; the Utilities Select Sector SPDR Fund (NYSE:XLU) lagged, down 0.1%.

Stocks On The Move Wednesday

• MongoDB Inc. (NASDAQ:MDB) rocketed 35% in its best session on record after posting a blowout quarter and raising full-year guidance.
• Other stocks reacting to earnings included nCino Inc. (NASDAQ:NCNO) up 16%, Okta Inc. (NASDAQ:OKTA) up 2.5%, J.M. Smucker Co. (NYSE:SJM) down 6%.
• Stocks slated to report earnings after the close include Nvidia Corp., CrowdStrike Holdings Inc. (NASDAQ:CRWD), Veeva Systems Inc. (NYSE:VEEV), Agilent Technologies Inc. (NYSE:A), HP Inc. (NYSE:HPQ), NetApp Inc. (NASDAQ:NTAP), and Cooper Companies Inc. (NASDAQ:COO).

Read Now:

• MongoDB Scores Best Day Ever After Earnings Beat—Here’s What Wall Street Think
  
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Posted In: $BTC A COO CRWD DIA HPQ IWM MDB NCNO NTAP NVDA OKTA QQQ SJM VEEV VOO XLB XLE XLU XLV