Stock Market Update Tuesday October 28, 2025
- AlgoTradeAlert
- Oct 28
- 2 min read
Stock Market Update Tuesday October 28, 2025 U.S. equities extended their rally today, with major indices notching another round of record highs. The S&P 500 (SPX) briefly crossed above the 6,900 mark before a modest round of profit-taking into the close trimmed gains, leaving the index at 6,890. The session’s clear outperformer was NVIDIA (NVDA), which broke through its early-October resistance levels and settled decisively above $200, reinforcing its leadership in the AI-driven semiconductor trade. Small caps underperformed, with the Russell 2000 (IWM) spending the day in negative territory, underscoring continued market concentration in mega-cap tech.
Score Board:
SPX: +0.2%
QQQ: +0.7%
IWM: -0.5%
Away From Stocks: Treasury yields were largely unchanged to marginally lower across the curve, as investors positioned ahead of tomorrow’s widely anticipated Federal Reserve rate cut. In commodities, WTI crude slid below $60 per barrel, while gold eased to $3,955 per ounce, suggesting a mild risk-on tilt. Meanwhile, Bitcoin pulled back below $113,000, and the VIX edged higher, closing just above 16, hinting at a modest uptick in volatility expectations.
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