The major averages closed mixed with the Dow Jones lower, but the S&P 500

 and Nasdaq Composite making new all time highs. The Dow Jones Industrial Average

 fell one point to close at 46,601. The benchmark S&P 500 climbed 39 points or 0.58% to close at 6,753. The Nasdaq Composite advanced 255 points or 1.12% to finish at 23,043.

In the tech space, the hip stocks are on fire. Micron rose 5% on an upgrade with a $225 price target at UBS as DRAM pricing continues to improve. The rest of the chip sector is also on fire with AMD up 11% today and up 40% in the last two weeks. Nvidia was up 2% today near all time highs and up 100% in the last six months.

Outside the tech space, the markets were much more muted.

Interest rates moved little following the release of the minutes from the Federal Reserve’s September meeting, where it cut rates for the first time in 2025. The minutes showed a Fed divided over how much further to cut rates. The yield on the benchmark 10-year note rose a basis point to 4.12%. The longer-dated 30-year Treasury fell a basis point to 4.7%, while the yield on the 2-year Treasury rose a basis point to 3.58%.

In the commodity space, oil was higher, but still stuck in a range in the low $60 a barrel. Gold and silver were both up over a percent at record highs. Crypto currencies also traded higher, near all time highs.

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