04:58 PM EDT, 10/08/2025 (MT Newswires) -- US equity indexes traded mixed at the close on Wednesday as odds favoring interest-rate cuts fell after the Federal Reserve's September meeting minutes showed division among policymakers on the path and pace of easing.

The Nasdaq Composite jumped 1.1% to 23,043.38, after touching a new all-time high of 23,045.14 earlier in the session. The S&P 500 advanced 0.6% to 6,753.72, after scaling a new peak of 6,755.64 intraday. The Dow Jones Industrial Average was unchanged at 46,601.87, off session highs. Technology was the top gainer intraday, while consumer staples led decliners.

While most Federal Open Market Committee members were open to additional policy easing at the Sept. 16-17 FOMC meeting, citing a shift in the balance of risk toward weaker employment data, they also urged caution, according to minutes released late 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," the minutes added.

The probability of the Fed cutting by an aggregate of 50 basis points by the end of this year -- 25 basis points each in October and December -- declined to 78% as of late Wednesday from 82% a day earlier, according to the CME Group's FedWatch Tool.

Gold futures were up 1.4% to $4,062.30, after scaling yet another peak of $4,080.70 earlier in the session.

Treasury yields were mixed, with the two-year up 1.2 basis points to 3.58% while the 10-year rate was little changed at 4.12%.

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

Advanced Micro Devices' ( AMD ) recent deal with Microsoft-backed (MSFT) OpenAI is a major validation of the chipmaker's roadmap that could likely attract more clients, UBS said in a research note. Loop Capital lifted AMD's price target to $240 from $195 while keeping its buy rating. The chipmaker's shares soared 11%, topping gains in the S&P 500 and the Nasdaq.