S&P 500 Tops 6,900 Ahead Fed Rate Move, Gold Reclaims $4,000: What's Moving Markets Wednesday?

Benzinga
2025.10.29 16:47
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The S&P 500 surpassed 6,900, driven by a 9% rise in NVIDIA Corp., which became the first company to exceed a $5 trillion market valuation. The Federal Reserve is expected to cut interest rates by 25 basis points. Caterpillar Inc. saw a 13% increase after strong earnings, while Fiserv Inc. dropped over 40% due to missed profit estimates. Precious metals like gold and silver rebounded ahead of the Fed's decision, and oil prices rose 1.2%. Major earnings reports are anticipated from companies like Microsoft and Meta.