The S&P 500 rose 0.58% to 6,753.72, Nasdaq Composite jumped 1.12% to 23,043.38, and Dow Jones was essentially flat at 46,601.78. Gold surged past $4,000/oz for the first time due to safe-haven buying amid the ongoing government shutdown and hopes for Fed rate cuts. The shutdown continues to impact economic visibility, with inflation data and central bank signaling driving markets. Rate cut expectations are supported by dovish Fed minutes. Traders are monitoring the shutdown’s effect on key releases like CPI and PCE, potentially impacting future Fed moves and the Social Security COLA announcement.

Read more at Nasdaq: Stock Market Today: Markets Split as Tech Powers Gains and Gold Tops $4,000