03:58 PM EST, 11/05/2025 (MT Newswires) -- US equity indexes rose ahead of Wednesday's close, as communication services and consumer discretionary led the sector charts.

The Nasdaq Composite advanced 0.9% to 23,566.5, with the S&P 500 up 0.7% to 6,817.6 and the Dow Jones Industrial Average climbed 0.6% to 47,370.2. All but one sector, consumer staples, rose.

Advanced Micro Devices ( AMD ) rose after the tech giant's Q3 results beat consensus, pushing shares up 3.2%. The Global X Artificial Intelligence & Technology ETF ( AIQ ) , with net assets of $5.98 billion and investments in AI-related companies, climbed 1.4%, following a 3.3% slump on Tuesday when valuation concerns and warnings from Wall Street banks led to a sell-off in the so-called AI trade.

The CBOE Volatility Index, also known as the fear gauge, slid 7.6% to 17.55.

Most US Treasury yields rose, with the 10-year yield up 6.4 basis points to 4.16% and the two-year rate advanced 4.8 basis points to 3.63%.

In economic news, private jobs rose by 42,000 in October following two consecutive months of weak hiring, Automatic Data Processing reported Wednesday. The consensus was for a 30,000 gain in a Bloomberg-compiled survey. The number of jobs lost in September was revised to 29,000 from 32,000.