Wall Street Today: S&P 500, DJIA and Nasdaq Comp Set Records Yet Again on Gains for AAPL, GOOGL, MSFT and NVDA

Jerry Kronenberg joined discussion · Oct 28, 2025 15:51

The Nasdaq Composite, S&P 500 and Dow-30 closed at all-time highs for a third straight session Tuesday amid continued signs of U.S.-China trade peace, a likely Fed rate cut and record levels for tech giants Alphabet, Apple and Nvidia.

The $Nasdaq Composite Index (.IXIC.US)$ added 190.04 points (0.8%) to a best-ever 23,827.49 finish, while the $Dow Jones Industrial Average (.DJI.US)$ gained 161.78 ticks (0.3%) to a record 47,706.37 close. Similarly, the $S&P 500 Index (.SPX.US)$ rose 15.73 points (0.2%) to a 6,890.89 all-time-highest ending.

All three indexes also set new intraday record highs earlier in Tuesday's trading for the third straight session.

Macro

The key indexes rose in part on continued optimism that U.S. President Donald Trump and Chinese leader Xi Jinping will finalize a trade deal when they meet at a South Korean economic summit Thursday.

Both sides are signaling that the pact will resolve threatened Chinese export controls on rare-earth metals and magnets, potential U.S. counter-controls on software sales to China and other trade matters.

The Wall Street Journal reported Tuesday that one part of the deal would cut 20% punitive American tariffs on Chinese goods to 10% if Beijing takes steps to limit the flow of chemicals used to make the narcotic fentanyl.

Meanwhile, markets also widely expect the Federal Reserve to cut its benchmark Federal Funds rate by 25 points to a 3.75%-4% range following Wednesday's regular monetary-policy meeting.

Wall Street likes Fed rates cuts because they tend to lower bond and money-market yields, often driving more money into stocks and boosting equities prices.

Adding to the market's jovial mood, $Apple (AAPL.US)$, $Microsoft (MSFT.US)$ and $NVIDIA (NVDA.US)$ – key members of the Dow-30, S&P 500 and Nasdaq Composite – traded at or near all-time intraday highs Tuesday.

AAPL rose as much as 0.4% to a record $269.89 on continued enthusiasm for strong sales of its new iPhone 17.

Similarly, Nvidia added 6.1% to an all-time best $203.15 at its session peak. NVDA rose in part on news of a deal to invest $1 billion in NOK and jointly develop AI-RAN and data-center networking.

The stock also gained ground on CEO Jensen Huang's well-received keynote speech Tuesday at the company's annual GPU Technology Conference, or "GTC."

Meanwhile, $Microsoft (MSFT.US)$ gained as much as 4.1% to a $553.72 three-month high on news that it will own 27% of privately held ChatGPT parent OpenAI's for-profit arm following a recapitalization.

Separately, $Alphabet-A (GOOGL.US)$ – a major S&P 500 and Nasdaq Comp member, but not a DJIA component – added 0.5% at its session high to a $270.73 all-time intraday peak, but later retreated and ended the session 0.7% lower.

Moo-vers

The "Magnificent Seven" stocks took their cue from the broader market, with all Mag-7 names except $Alphabet-A (GOOGL.US)$ ending higher.

$NVIDIA (NVDA.US)$ led the way higher, ending the session 5% stronger after pulling back slightly from its all-time intraday high.

Other Mag-7 gainers included $Microsoft (MSFT.US)$ (which finished 2% higher), $Tesla (TSLA.US)$ (up 1.8%), $Amazon (AMZN.US)$ (1% firmer after announcing 14,000 layoffs), $Meta Platforms (META.US)$ (which added 0.08%) and AAPL (which ended 0.07% stronger).

Only Alphabet fell – as noted above, pulling back from its all-time intraday high to end Tuesday's session 0.7% lower.

Elsewhere in the market, Tuesday's other noteworthy percentage gainers included:

-- $Nokia Oyj (NOK.US)$, which rallied 28.8%. The tech firm soared on its deal with $NVIDIA (NVDA.US)$. Earlier in the day, Nok even hit its highest intraday level in 20-1/2 years.

-- Certain nuclear stocks led by $Cameco (CCJ.US)$ (up 23.4%). CCJ, which partly owns nuclear-plant manufacturer Westinghouse, rallied on news of an $80 billion deal with the U.S. government to promote new atomic-power generation. Other nuclear stocks to rise in apparent sympathy included $Uranium Energy (UEC.US)$ (up 14.3%), $NexGen Energy (NXE.US)$ (12% stronger), $NuScale Power (SMR.US)$ (8.8% better), and $Energy Fuels (UUUU.US)$ (which added 4.9%). However, $Oklo Inc (OKLO.US)$ bucked the trend and fell 3.8%.

-- $Beyond Meat (BYND.US)$, 9.1% stronger. The meat-alternatives firm and meme stock continued to trade choppily following its recent 1,400%+ rally and subsequent 76.5% pullback over the past two weeks or so.

Meanwhile, Tuesday's major percentage decliners included:

-- $Strive (ASST.US)$, 12.2% lower. The asset-management firm, which focuses on investing in $Bitcoin (BTC.CC)$, gave back part of a 49.1% rally it enjoyed Monday on news that tech entrepreneur and investor Mike Alfred had taken a 1-million-share stake in the company.

-- $Ondas (ONDS.US)$, down 9.8%. The drone- and wireless-technology firm has been trading volatilely but generally lower since hitting an $11.70 four-year high on Oct. 8, up some 1,950% from its $0.57 12-month low of March 12.

-- Select quantum-computing stocks, which continued to swing up and down following word last week that the Trump administration might buy stakes in the sector's key firms. Tuesday's decliners included $IonQ Inc (IONQ.US)$ (off 9%), $D-Wave Quantum (QBTS.US)$ (down 8.7%), $Rigetti Computing (RGTI.US)$ (7.9% weaker) and $Quantum Computing (QUBT.US)$ (off 5.2%).

Wall Street Today: S&P 500, DJIA and Nasdaq Comp Set Records Yet Again on Gains for AAPL, GOOGL, MSFT and NVDA

Disclaimer: This presentation is for informational and educational use only and is not a recommendation or endorsement of any particular investment or investment strategy. Indexes are unmanaged and cannot be directly invested in. Past performance is no indication of future results. Investing involves risk and the potential to lose principal. Investment information provided in this content is general in nature, strictly for illustrative purposes, and may not be appropriate for all investors. It is provided without respect to individual investors' financial sophistication, financial situation, investment objectives, investing time horizon, or risk tolerance. You should consider the appropriateness of this information regarding your relevant personal circumstances before making any investment decisions. Past investment performance does not indicate or guarantee future success. Returns will vary, and all investments carry risks, including loss of principal.

Disclaimer: Community is offered by Moomoo Technologies Inc. and is for educational purposes only. Read more