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US Equity Indexes Rise in Midday Trading; Gold Hits New Record High
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US Equity Indexes Rise in Midday Trading; Gold Hits New Record High
Aug 8, 2025 10:01 AM

12:33 PM EDT, 08/08/2025 (MT Newswires) -- US equity indexes rose with government bond yields in midday trading on Friday as investors monitored efforts underway to secure a Russia-Ukraine peace deal.

The Nasdaq Composite climbed 0.9% to 21,430.5, the S&P 500 rose 0.7% to 6,386.7, and the Dow Jones Industrial Average advanced 0.5% to 44,181.4.

All sectors except real estate and utilities rose intraday, with technology leading the gainers.

Washington and Moscow are aiming to reach a deal to halt the war in Ukraine that would lock in Russia's occupation of territory seized during its military invasion, Bloomberg reported, citing people familiar with the matter.

US and Russian officials are working toward an agreement on territories for a planned summit meeting between Presidents Donald Trump and Vladimir Putin as early as next week, the people told Bloomberg, speaking on condition of anonymity to discuss private deliberations. The US is working to get buy-in from Ukraine and its European allies on the deal, which is far from certain, the people said.

West Texas Intermediate crude oil futures rose 0.6% to $64.30 a barrel.

Most US Treasury yields rose, with the 10-year yield up 4.5 basis points to 4.29% and the two-year rate advanced 2.6 basis points to 3.76%.

Gold futures were up 1.1% to $3,492.6 per ounce, after scaling a new intraday record high of $3,534.10.

The Financial Times, which first reported on the imposition of the tariffs, cited a July 31 letter from the US Customs and Border Protection stating that one-kilo and 100-ounce gold bars should be classified under a customs code subject to tariffs. Investors had initially understood that such gold bars were exempt from Trump's reciprocal tariffs, Bloomberg and MSN reported.

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