Stock Market Today: Dow Jones Hits Record, Gold Jumps 4% – State Street SPDR Dow Jones Industrial Average

Gold ripped 4% higher to $4,233.89 an ounce on Wednesday, its biggest one-day advance since February, as a soft private payrolls report and easing energy costs knocked down the odds of another Federal Reserve rate hike.

ADP said private employers added just 44,000 jobs in July, the weakest in six months and well below the 70,000 consensus, while the ISM Services PMI came in at 54.1 versus 54.5 expected, with its employment sub-index sliding back into contraction at 47.4.

Silver rallied 3.9% to $61.85 an ounce, a six-week peak, though it remains down 13.2% in 2026.

U.S. equity indices were little moved in midday trading, with cyclical value leading and megacap growth lagging.

The S&P 500 hovered at 7,739, essentially unchanged and clinging to record territory, while the Dow Jones Industrial Average advanced 459 points, or 0.9%, to 54,545.

Over the last five sessions, the Dow has gained 5.8%, the best 5-day jump since April 2025. Since the start of the year, the blue-chip index has risen 13.3%, slightly outperforming the S&P 500.

Treasurys were little changed. The 10-year yield hovered near 4.62%, holding a third-session retreat from Monday’s 18-month high of 4.75%.

The 2-year sat at 4.22% and the 30-year at 5.18%, leaving the curve sharply steeper than before the Fed’s July hold.

Markets now await Friday’s nonfarm payrolls, where economists expect 80,000 jobs.

Wednesday’s Performance In Major US Indices

According to the Benzinga Pro platform:

Miners Rally on Gold’s Advance

Newmont Corp. (NYSE:NEM) jumped 7.3% to $104.91 on the bullion move.

Stocks reacting to earnings reports included:

Leading the Russell 1000, Freshpet Inc. (NASDAQ:FRPT) surged 14.0% after second-quarter sales rose 15.5% to $305.6 million and GAAP EPS of $0.39 came in 73.6% above consensus, with management raising 2026 guidance

Dynatrace Inc. (NYSE:DT) climbed 12.4% on adjusted EPS of $0.48 versus $0.44 expected and revenue of $554.5 million versus $549.3 million, plus a fiscal 2027 EPS outlook of $1.97-$1.99 that tops the $1.95 consensus.

Aura Minerals Inc. (NASDAQ:AUGO) gained 11.7%, tracking the sector-wide bid for gold and copper producers.

Primo Brands Corp. (NYSE:PRMB) rose 10.8% after adjusted EPS of $0.37 beat the $0.30 consensus on revenue of $1.79 billion, and the company raised its full-year organic net sales growth outlook to 1%-3%.

DaVita Inc. (NYSE:DVA) tumbled 18.0% as full-year EPS guidance of $14.10-$15.20 straddled the $14.85 consensus, U.S. treatment volumes fell 1.1% year-over-year and a cybersecurity incident cost $13 million, overshadowing an EPS beat of $4.02 versus $3.92.

Medline Inc. (NASDAQ:MDLN) slumped 17.0% after cutting its adjusted EBITDA outlook to $3.3 billion-$3.4 billion from $3.5 billion-$3.6 billion on Middle East-driven inflation, with net income down 58.3% to $139 million even as sales rose 11.6% to $7.7 billion.

Regal Rexnord Corp. (NYSE:RRX) fell 15.8% on revenue of $1.56 billion that missed estimates, though non-GAAP EPS of $2.99 beat by 15.7% and management reiterated $10.60 in full-year adjusted EPS at the midpoint.