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US Equity Indexes Rise With Gold in Midday Trading
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US Equity Indexes Rise With Gold in Midday Trading
Oct 20, 2025 9:48 AM

12:15 PM EDT, 10/20/2025 (MT Newswires) -- US equity indexes rose, government bond yields fell, and gold futures jumped in midday trading on Monday.

The Nasdaq Composite climbed 1.4% to 22,990.95, the S&P 500 gained 1% to 6,727.58, and the Dow Jones Industrial Average advanced 0.8% to 46,579.9. Technology and communication services paced the gainers, with only consumer stables and utilities posting declines.

The partial US federal government shutdown entered its 20th day on Monday, making it the third-longest shutdown in the country's history, according to media reports. The shutdown "is likely to end sometime this week" as "moderate" Democrats come together to strike a deal, Kevin Hassett, National Economic Council director, told CNBC.

US Treasury yields slipped, with the 10-year yield down one basis point to 4%.

President Donald Trump reportedly said he is open to lowering China tariffs if Beijing "gives us some things too," mixing a tough economic stance with signals of negotiation flexibility. He recently said 100% additional tariffs were unsustainable but seeks to end China's restrictions on rare earth mineral exports in upcoming trade talks.

Gold futures jumped 3% to $4,342.41, and silver futures advanced 2.1% to $51.14.

In company news, Apple's ( AAPL ) iPhone 17 series has outsold the iPhone 16 series by 14% during the first 10 days of availability in the US and China, Counterpoint Research said. Shares of Apple ( AAPL ) rose 4.6%.

With 11% of S&P 500 firms having reported results, Q3 earnings rose by more than 16% year-over-year, ahead of the FactSet consensus of 7.8% as of Sept. 30, according to a research note from D. A. Davidson. The blended earnings growth estimate, which combines reported results with remaining estimates, is calling for earnings growth of more than 8.4%.

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