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S&P 500 and Nasdaq Set New Record Highs Amid Tech Rebound
US stock markets hit new record highs, led by tech gains, as investor optimism grows around potential Fed easing.
The S&P 500 climbed 0.6% and the Nasdaq gained 1.1% on October 8, marking their 33rd and 32nd record closes of 2025. Tech stocks drove the rally, with AMD up 11.4%, Dell up 9.1%, and Arista Networks up 8.3%. Renewed risk appetite lifted growth shares, outpacing defensive sectors despite ongoing government shutdown concerns and a divided Fed on further rate cuts, highlighting market resilience amid policy uncertainty.