Stock Market Today: Tech Rally Propels S&P 500 to New High—What Investors Should Watch Now

October 7, 2025 – Stock Market Today EARLY GAINS FADE AS INVESTORS AWAIT FED SPEECHES The U.S. stock market opened mixed Tuesday, with the S&P 500 inching up 0.03% to a new intraday record of 6,742.78, the Nasdaq Composite advancing 0.08% to 22,960.25 and the Dow Jones Industrial Average slipping 0.02% to 46,683.85. Traders are positioning ahead of remarks from Federal Reserve Governor Stephen Miran and Minneapolis Fed President Neel Kashkari, hoping for clarity on whether the central bank will deliver an expected 25-basis-point rate cut later this month. TECH STOCKS EXTEND RALLY • Advanced Micro Devices jumped another 5 % after a newly announced AI‐chip supply deal with OpenAI and a Jefferies upgrade, adding fresh momentum to the artificial-intelligence trade. • Nvidia rose 1.6 %, while the broader S&P 500 Information Technology sector gained 0.5 %, the day’s strongest performer. SAFE-HAVEN BID SENDS GOLD ABOVE $4,000 Spot gold futures smashed through the $4,000-per-ounce barrier for the first time as investors sought protection from the extended U.S. government shutdown and looming policy uncertainty. The metal is now up roughly 50 % year-to-date, underscoring the market’s appetite for hedges even as equities sit near all-time highs. SECTOR SNAPSHOT • Financials added 0.3 % thanks to rising rate-cut odds. • Consumer Discretionary lagged, down 0.7 %, weighed by Tesla and Home Depot. • Constellation Brands climbed 3.8 % after a smaller-than-expected Q2 sales decline, while Dell gained 2.9 % on a long-term outlook hike. MACRO BACKDROP A softer labor-market tone in last week’s private data, combined with limited official releases during the shutdown, has reinforced bets that the Fed will ease policy at its upcoming meeting. Harris Financial Group’s Jamie Cox argues current valuations are “still justified” by the prospect of cheaper money. WHAT TO WATCH NEXT • Fed commentary throughout the day for confirmation of a late-October cut. • Kickoff of third-quarter earnings season next week, where forward guidance could set the next big swing for the Dow, S&P 500 and Nasdaq. • Gold’s ability to hold the psychological $4,000 level, a move that could spark further rotation into commodities and mining shares. BOTTOM LINE The stock market today is balancing record equity prices against soaring safe-haven demand. With AI stocks fueling the Nasdaq and gold breaking historic ground, traders are bracing for pivotal Fed signals that will determine whether the 2025 bull run still has room to run.