CNBC Business News Update - Market Close: Stocks Mixed, S&P 500 Index and Nasdaq Each Hit New Record Highs, The Nasdaq Closed Above 23,000 For The First Time 10/8/25

Episode Date: October 8, 2025

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I'm Jessica Eddinger, CNBC. Wall Street opens Thursday morning after a mixed day on Wall Street for the major averages, but another record setting day. The S&P 500 index and the NASDAQ each hit new record highs. It was the Dow that was in the red and only by one point, led lower by shares of Goldman Sachs, which were down one and a half percent. The S&P 500 index added 39 points, a half percent. The NASDAQ sword 255. points more than 1%. Shares of NVIDIA were up more than 2% on Wednesday. The NASDAQ closed above 23,000 for the first time ever. Companies who shares hit fresh all-time highs Wednesday include

Ralph Lauren, Monster Beverage, Take 2 Interactive Travelers, L3 Harris, Northrop Grumman, RTX Raytheon, and Palo Alto Networks. CNVC's Brian Sullivan here with a summary of all the big names with some warnings for investors.

Some major market players are beginning to sound the alarm. Hedge fund guru Ray Dalio believes the stock market, quote, feels frothy. Advised investors to hold more gold than usual, is that metal, by the way, also soars. Paul Tudor Jones saying that today's market is reminiscent of the setup leading up to the burst of the dot-com bubble in late 99. Citadel founder Ken Griffin thinks the American economy is on a sugar high, and he's also seeing echoes of the dot-com bubble. CNPC's Brian Sullivan. At the last Fed meeting, officials say they see another two interest rate cuts coming before the end of the year, according to the meeting minutes, released Wednesday.

President Trump furloughed nearly half the workforce at the IRS. In the government shutdown now, day nine will be Thursday. Flight delays have been piling up this week around the country as air traffic controllers call in sick. They are government workers expected to work without pay during the shutdown. This is not some mystery here. you start to impact the flights of people, they start reaching out to their members of Congress. And they say, get it fixed, get it fixed now. I'm curious how long this goes. How much worse will it have to be before you really start to see a public clamoring for Washington to come with some

kind of an agreement to get the government functioning again? Because this air traffic controller staffing situation, it was already fragile. And it's being made worse by the fact that you do see this uptick in sick calls. CNBC's Phil LeBoe. Another all-time high for gold on Wednesday, $4,063 an ounce. It's no secret that the world in general is a washing government debt, huge levels of government debt. Japan around 200% of GDP, the United States closing on 100% of GDP, and enormous deficits and no political will to address those.

You've got to worry about the essential integrity of currencies and the central banks that stand behind. them. That's a good story for explaining why gold is going up. Whether that's a good reason to own gold at $4,000, I don't know. But it is absolutely a warning sign to pay attention to. That's the Wall Street Journal's Greg Ipp on CNBC. Consumers frowning over inflation and the job market. The latest New York Fed survey finds that fewer households expect to be better off a year from now. Disney just raised prices for Disney World and Disneyland tickets. U.S. Today today says the increases are effective immediately. Starting prices will stay flat through October of next year, but those peak prices will exceed the current $199 per person per day. You can check the theme park calendar to see if you can find the cheapest dates to visit. On Thursday's watch list, we get earnings from Levi Strauss, Delta Airlines, and PepsiCo. Jessica Eddinger, CNBC is the network for ambitious people.