12:28 PM EDT, 09/08/2025 (MT Newswires) -- US equity indexes rose after midday on Monday, with the Nasdaq Composite scaling new peaks, amid government bond yields extending declines and gold surging to a new all-time high.

The Nasdaq Composite increased 0.8% to 21,876.2, after hitting a fresh record of 21,885.62 earlier in the session. The S&P 500 was up 0.4% to 6,506.5, and the Dow Jones Industrial Average rose less than 0.1% to 45,436.8. Technology, consumer discretionary, and communication services were the gainers. Real estate and utilities were the steepest decliners.

Treasury yields declined, with the 10-year down 3.5 basis points to 4.05%, the lowest since early April. The two-year yield fell 2.3 basis points to 3.49%, the weakest level since September 2022.

At its Sept. 17 meeting, the probability the Federal Open Market Committee will cut interest rates by 25 basis points is 90%, according to the CME FedWatch Tool. The remaining 10% likelihood is for a 50-basis-point reduction, implying the Fed is set to restart its policy easing programme.

The current probability of the number of interest-rate cuts between now and the end of this year is three, including the one in September, as concerns mount over the health of the labor market.

"The Fed remains committed to -- eventually -- achieving price stability, but as the Committee has shown for years, policy makers are willing to -- continue to -- tolerate above-target price pressures in order to stave off more pronounced weakness in the economy," Stifel said in a Friday note.

West Texas Intermediate crude oil futures rose 0.6% to $62.23 a barrel.

In company news, AppLovin ( APP ) is set to replace MarketAxess Holdings (MKTX) in the S&P 500, effective Sept. 22, S&P Dow Jones Indices said. Shares of AppLovin ( APP ) soared 12% intraday, the biggest gainer on the Nasdaq.