Traders enactment connected the level of the New York Stock Exchange (NYSE) connected August 12, 2025 successful New York City.
Spencer Platt | Getty Images News | Getty Images
Stock futures were comparatively unchanged connected Wednesday aft the S&P 500 and Nasdaq Composite rallied to caller records and arsenic investors cogwheel up for much information to measure the authorities of the U.S. economy.
S&P 500 futures were hovering astir the flatline, arsenic were Nasdaq 100 futures. Futures tied to the Dow Jones Industrial Average roseate 13 points, oregon 0.03%.
The moves travel aft a winning time connected Wall Street, with the S&P 500 and Nasdaq reaching caller intraday and closing grounds highs connected Wednesday for the 2nd time successful a row. Both indexes finished the league with a summation of 0.32% and 0.14%, respectively. The Dow Jones Industrial Average besides roseate 463.66 points, oregon 1.04%.
Tuesday's league had returned the wide marketplace S&P 500 and the tech-heavy Nasdaq to grounds territory connected the backmost of a cooler-than-expected ostentation report for July. That study stoked hopes among investors for a complaint chopped from the Federal Reserve astatine the extremity of its September argumentation meeting.
More economical information releases are connected the docket for Thursday. July's shaper terms scale speechmaking – arsenic good arsenic jobless claims information for the week ended Aug. 9 – is slated for merchandise astatine 8:30 a.m. ET. Economists polled by Dow Jones are expecting the measurement of wholesale prices to amusement a 0.2% emergence connected the month. The scale had travel successful level successful June.
"After yesterday's 'not arsenic atrocious arsenic it could person been' July Consumer Price Index report, the equity markets are present successful afloat 'easing expectation' mode," said CFRA Research's main concern strategist Sam Stovall. "Even though Thursday's Producer Price Index (PPI) is projected to amusement increases connected a month-over-month (M/M) and year-over-year (Y/Y) basis, we deliberation investors volition place them."
Meanwhile, successful extended trading Wednesday, shares of Cisco were marginally little aft dropping much than 2% connected the heels of the large tech company's fourth-quarter results narrowly beating expectations. Other names similar cultivation instrumentality institution Deere and Coach proprietor Tapestry are owed to merchandise their latest quarterly results earlier the doorbell Thursday.
Bitcoin hits all-time precocious supra $123,600
Crypto currencies bitcoin and ether continued to rally Wednesday night, benefiting from accrued organization involvement and a much favorable regulatory environment.
Bitcoin deed a caller all-time precocious of $123,693, according to Coin Metrics. Ether besides pushed higher, getting ever-closer to its 2021 record. The terms of ether, amended known by its ticker ETH, was precocious up 5.7% astatine 4,763.49.
Increased adoption of cryptocurrency besides was reflected successful the robust involvement successful the Bullish IPO connected Wednesday. The crypto speech nearly doubled successful its debut. Shares opened astatine $90, oregon 143% supra its IPO terms of $37. The banal closed astatine $68, oregon an 84% first-day gain. In extended trading Wednesday evening, Bullish shares added different 12%.
—Christina Cheddar Berk
Gold mining stocks 'starting to rebuild capitalist confidence/trust,' UBS says
The outlook for golden mining stocks is yet brightening, with companies "starting to rebuild capitalist confidence/trust," UBS analysts led by Daniel Major wrote Tuesday.
Looking ahead, "balance sheets are successful large signifier and if the golden terms remains successful the existent range, we expect the run-rate of buybacks to accelerate successful 2H25," UBS wrote. Companies' ain interior maturation projects volition apt accelerate successful the midst of semipermanent golden terms assumptions that are expanding faster than outgo oregon superior spending projections, resulting successful amended interior rates of return. Moreover, the mergers and acquisitions are apt to vigor up, the slope said.
As evidence, UBS pointed to caller outperformance aft galore years of underperformance for the miners. Gold stocks, represented by the VanEck Gold Miners ETF, person outperformed the terms of golden by much than 40% truthful acold successful 2025, and by 15% successful the past 3 months, erstwhile golden has done little. In the past 90 days, Gold Fields is up astir 40% and AngloGold Ashanti by 30%, portion Newmont Corp. is up 30% and Kinross Gold by 25%, the UBS study said.
VanEck Gold Miners ETF successful the past 3 months.
— Scott Schnipper
Cisco, Ibotta among the names making moves aft hours
Check retired the stocks making moves successful extended trading Wednesday:
- Cisco — The tech banal pulled backmost arsenic overmuch arsenic 3% aft its fourth-quarter results barely bushed expectations. Cisco posted adjusted net of 99 cents per stock connected gross of $14.67 cardinal successful revenue, portion analysts surveyed by LSEG were looking for a nett of 98 cents per stock and $14.62 cardinal successful revenue. The company's guidance besides conscionable hardly surpassed expectations. Cisco banal is up astir 19% twelvemonth to date.
- Ibotta — The banal plunged much than 23% connected the heels of the tech company's second-quarter results missing expectations. Ibotta reported net of 8 cents per share, beneath the 19 cents per stock that analysts had anticipated. The institution besides saw its gross for the 4th travel successful astatine $86 million, portion analysts had estimated $90.5 million. Its third-quarter gross guidance besides came successful weaker than expected.
- Coherent — Shares of the semiconductor shaper plummeted astir 18%. The institution earned $1.00 per share, excluding items, connected gross of $1.53 billion, supra the nett of 91 cents per stock and gross of $1.51 cardinal that analysts had penciled in, according to LSEG. It besides announced that it is selling its aerospace and defence business to Advent for $400 million.
Read the afloat database of stocks here.
— Sean Conlon
Stock futures unfastened small changed
U.S. banal futures traded conscionable beneath the flatline connected Wednesday evening.
S&P 500 futures fell 0.1% soon aft 6 p.m. ET, on with Nasdaq 100 futures. Futures tied to the Dow Jones Industrial Average mislaid 36 points, oregon astir 0.1%.
— Sean Conlon