Markets Surge as Tech Soars, Gold Shines & Tariffs Shake Global Business (Aug 8–9, 2025)
Wall Street Rally: U.S. stock markets extended their summer rally. The Nasdaq Composite notched a record high for the second day in a row on Friday, driven by booming tech shares and optimism about potential interest rate cuts reuters.com reuters.com. The S&P 500 rose 0.8% and Dow Jones 0.5% on the day reuters.com, and all three major indices posted solid weekly gains reuters.com. “There are certainly investors who think if the Fed is going to cut rates then… don’t fight the Fed on lower rates,” noted one investment manager, although he cautioned that tariff uncertainties remain a wild card reuters.com.