Gold Jumps 4%, Dow Jones Smashes Record Highs: Stock Market Today
Gold ripped 4% higher to $4,233.89 an ounce on Wednesday, its biggest one-day advance since February, as a soft private payrolls report and easing energy costs knocked down the odds of another Federal Reserve rate hike. ADP said private employers added just 44,000 jobs in July, the weakest in six months and well below the 70,000 consensus, while the ISM Services PMI came in at 54.1 versus 54.5 expected, with its employment sub-index sliding back into contraction at 47.4. Silver rallied 3.9% to $61.85 an ounce, a six-week peak, though it remains down 13.2% in 2026. U.S. equity indices were little moved in midday trading, with cyclical value leading and megacap growth lagging. The S&P 500 hovered at 7,739, essentially unchanged and clinging to record territory, while the Dow Jones Industrial Average advanced 459 points, or 0.9%, to 54,545. Over the last five sessions, the Dow has gained...
89 an ounce on Wednesday, its biggest one-day advance since February, as a soft private payrolls report and easing energy costs knocked down the odds of another Federal Reserve rate hike. 4. 2% in 2026. S.
equity indices were little moved in midday trading, with cyclical value leading and megacap growth lagging. 9%, to 54,545. 8%, the best 5-day jump since April 2025. 3%, slightly outperforming the S&P 500.
4% to 29,627. Within Magnificent Seven stocks, Alphabet Inc. 67 after reports that Google DeepMind CEO Demis Hassabis is stepping back into a chair role and chief scientist Jeff Dean is leaving after 27 years to launch his own AI startup. Treasurys were little changed.
75%. 18%, leaving the curve sharply steeper than before the Fed’s July hold. Markets now await Friday’s nonfarm payrolls, where economists expect 80,000 jobs. 0%.
8%. 3%. 3%. 1%.
1%. Precious-metals equities were the day’s real story. 4%. Newmont Corp.
91 on the bullion move. 5%. Stocks reacting to earnings reports included: Arista Networks Inc. 31 after a revenue beat.
Advanced Micro Devices Inc. 63 despite doubling datacenter revenue, Space Exploration Technologies Corp. 48 Amgen Inc. 3% Eli Lilly and Co.
62 after beating revenue consensus and raising full-year guidance. Uber Technologies Inc. 2% CDW Corp. 9%, CVS Health Corp.
4% EOG Resources Inc. 2% Leading the Russell 1000, Freshpet Inc. 6% above consensus, with management raising 2026 guidance Dynatrace Inc. 95 consensus.
Charles River Laboratories International Inc. 45 on improving Discovery and Safety Assessment demand. Aura Minerals Inc. 7%, tracking the sector-wide bid for gold and copper producers.
Primo Brands Corp. 79 billion, and the company raised its full-year organic net sales growth outlook to 1%-3%. On the downside, Insulet Corp. 7 million narrowly missed and the company cut full-year revenue growth guidance to 20%-22% from 21%-23%, citing challenges scaling in type 2 diabetes.
DaVita Inc. S. 92. Medline Inc.
7 billion. Regal Rexnord Corp. 60 in full-year adjusted EPS at the midpoint. The New York Times Co.
2% after adding roughly 280,000 net digital subscribers against a 295,300 estimate and guiding third-quarter subscription revenue growth to 9%-11%,