Stock Market News From Sept. 10, 2025: S&P 500 and Nasdaq Extend Records
The market rally slowed on Wednesday with most stocks ending the day lower–yet the S&P 500 managed to clinch another record.
The S&P 500 ended 0.3% higher, building on its high from Tuesday. The Nasdaq eked out a 0.03% gain to notch another record. The Dow was down by 220 points, or 0.5%.
More than half of the stocks in the S&P 500 fell today, but heavy hitters like Nvidia and Oracle–which gained more than one-third its value today–helped the benchmark index secure a gain.
Oracle’s win can’t be overstated. It was the first time on record that a U.S. company with a $500 billion market cap has gained more than 25% in a single trading day. Investors traded around 125 million shares of Oracle today, the highest since July 2013 and far more than the average of about 12 million seen this year.
Investors now turn their focus to tomorrow’s inflation report. The August inflation numbers would have to be disastrous to change the chances of a 25 basis point rate cut next Wednesday, wrote Stephen Stanley, chief U.S. economist at Santander.
“Still, stubbornly high inflation would likely limit the Fed’s freedom to continue cutting rates beyond the upcoming FOMC meeting.”
High inflation could also give further boost to the price of gold. Front month gold futures gained 30 cents per troy ounce to $3643.60 today, a record high. Gold has a reputation as a hedge against inflation, meaning higher than expected prices can help gold build on its record-run.