Traders were active on the floor of the NYSE American (AMEX) in New York City on December 8, 2025.
On Wednesday, stock markets climbed, driven by gains among major tech firms, as investors anticipated the release of the Federal Reserve’s recent meeting minutes.
The S&P 500 rose by 0.9%, while the Nasdaq Composite increased by 1.4%. The Dow Jones Industrial Average saw a gain of 272 points, or 0.6%.
Nvidia’s shares jumped more than 2% after Meta announced that it would utilize millions of Nvidia chips for its data centers.
Additionally, Amazon’s stock rose by 2% following regulatory filings indicating that Bill Ackman’s Pershing Square elevated its stake in the company by 65% in the last quarter. This marks Amazon as the fund’s third-largest holding, notably after the stock had previously experienced a nine-day losing streak.
Micron Technology also benefited from David Tepper’s Appaloosa Management increasing its investment in the chipmaker, leading to a price rise of over 5% recently.
While these prominent stocks are propelling the market upwards, Stephen Lee from Logan Capital Management observed that lesser-known tech stocks are faring well too. For example, Trimble saw its share price increase by 2% during the day.
Lee commented, “I’m not sure that today actually eliminates expansionism when you peel the onion and look at the relative winners,” suggesting a more discerning market environment.
In other developments, oil prices surged as investors processed new information regarding U.S.-Iran relations. Vice President J.D. Vance indicated that Iran did not address key U.S. concerns in recent nuclear talks, leaving military action as a potential option.
Wall Street is recovering from a sluggish trading session, with modest gains across the major indices. However, the software sector continues to feel pressure due to concerns about disruptions from artificial intelligence.
Traders are also monitoring the upcoming minutes from the Fed’s meeting in January. Looking ahead, the Personal Consumption Expenditure Price Index, scheduled for release on Friday, is expected to be a significant market mover.
The PCE is the Federal Reserve’s preferred measure of inflation, which will shed light on the economic landscape. Anthony Saglimbene, chief market strategist at Ameriprise, remarked that the market might remain in a “semi-holding pattern” before this report comes out, particularly as navigating AI-related trading grows increasingly complex.
