A trader works on the floor of the New York Stock Exchange in New York City on April 9, 2025. Wall Street stocks made dramatic advances on all three major indexes on this day. The Dow Jones Industrial Average surged 7.9 percent to 40,608, the S&P 500 Index rallied 9.5 percent to 5,456, and the Nasdaq Composite Index jumped more than 12.2 percent to 17,124. Angela Weiss/AFP via Getty Images
U.S. stocks and gold have both reached record highs, reflecting a bifurcated investor mindset: optimism in risk assets alongside a flight to safety.
Since the springtime tariff-driven sell-off, the U.S. stock market has been booming. The blue-chip Dow Jones Industrial Average, the broader S&P 500, and the tech-heavy Nasdaq Composite Index have been routinely registering fresh record highs this year.
