S&P 500, Nasdaq end higher as tech strength outweighs Fed concerns

S&P 500, Nasdaq end higher as tech strength outweighs Fed concerns

By Stephen Culp

Wed October 8, 2025 4:37 PM

It was a shot straight up for tech continuing to ride the AI craze and pushing the Nasdaq up 3-digits, the S&P and Nasdaq once again achieving new record highs. The Dow was not as lucky, the index pushed up over 200 by noon but then immediately sliding back to close flat. Among other things, one trigger that caused the plunge was a 4.7% dip in home loan demand, this despite the easing interest rates. The shutdown, now in its eighth day, continues to be shrugged off.  

But it also continues to handicap both analysts and the Fed in efforts to gauge matters in terms of determining the wisdom of the expected next rate cut at the October 29^th meeting. It is no longer a virtual certainty but the odds still stand at over 90%. The good news, as pointed out by today’s expert, “fundamentals for now are supporting higher than normal valuation.” Next week begins Q3 reporting and then analysts will have something more solid to sink their teeth into. Volume at 20.7 billion is above the 19.6 average. 

DJ: 46,602.98  -91.99       NAS: 22,788.36  -153.30      S&P: 6,714.59  -25.69       10/7

DJ: 46,601.78  -1.20         NAS: 23,043.38  +255.02     S&P: 6,753.72  +39.13      10/8

Wed 10-8-25 4:37 pm S&P 500, Nasdaq end higher as tech strength outweighs Fed concerns | Reuters