04:06 PM EDT, 10/08/2025 (MT Newswires) -- US equity indexes rose ahead of the close on Wednesday following the release of the Federal Reserve's September meeting minutes.

The Nasdaq Composite jumped 1% to 23,022.9, after touching a new all-time high of 23,025.14 earlier in the session. The S&P 500 advanced 0.6% to 6,752.8, also scaling a new peak of 6,755.31 intraday. The Dow Jones Industrial Average rose less than 0.1% to 46,623.1 and was off session highs.

Technology, industrials, and consumer discretionary were among the top gainers intraday, while consumer staples and real estate led the decliners.

Most Federal Open Market Committee members were open to additional interest-rate reductions at the Sept. 16-17 FOMC meeting, citing a shift in the balance of risk toward weaker employment data, though they also urged caution, according to minutes released Wednesday.

"Participants expressed a range of views about the degree to which the current stance of monetary policy was restrictive and about the likely future path of policy," the minutes said. "Most judged that it likely would be appropriate to ease policy further over the remainder of this year. Some participants noted that, by several measures, financial conditions suggested that monetary policy may not be particularly restrictive, which they judged as warranting a cautious approach in the consideration of future policy changes."

According to the CME Group's FedWatch Tool, the probability that the Federal Open Market Committee will cut interest rates by an aggregate of 50 basis points by December fell to 78% as of late Wednesday, down from 82% a day earlier.

Separately, the US government shutdown continued, with no clear end in sight for the political stalemate. The Senate is expected to vote for the sixth time on legislation to fund the government on Wednesday, USA Today reported. A pair of government funding bills, one backed by Democrats and another by Republicans, have failed five times to meet the Senate's 60-vote threshold for passing legislation, the news report said.

Gold futures were up 1.4% to $4,058.91, after scaling yet another peak of $4,080.70 earlier in the session.

Treasury yields were mixed, with the two-year up 1.6 basis points to 3.59% while the 10-year rate was little changed at 4.13%.

West Texas Intermediate crude oil futures rose 1.1% to $62.39 a barrel.