Market Movers: Tech Stocks and Stablecoins in Focus Amid Mixed Trading Session

U.S. equities showed divergent trends at midday Wednesday as the Dow Jones Industrial Average climbed to a record high while the Nasdaq and S&P 500 edged lower. Investors weighed a potential resolution to the federal government shutdown alongside earnings surprises and sector-specific developments.

Advanced Micro Devices led the S&P 500 with a 9% surge after presenting ambitious growth targets at its analyst day. Swiss footwear Maker On Holding vaulted 20% on raised guidance, demonstrating the market's appetite for consumer discretionary outperformance.

Circle Internet Group's 10% decline highlighted crypto market sensitivities after the USDC issuer revised operating expenses upward. The move underscores ongoing challenges for stablecoin operators navigating regulatory and macroeconomic crosscurrents.

Commodities exhibited sharp moves with oil futures dropping over 3% while Gold gained nearly 2%, reflecting shifting risk appetites. Treasury yields retreated as capital flowed toward haven assets.