Evening Market Recap - Wednesday, 08-Oct

US equities finished mostly higher in Wednesday trading, with the Dow Jones closing flat, while the S&P500 and Nasdaq closed up 58bps and 112bps respectively, the latter two notching fresh records, and today’s upside largely tabbed to a rebound in the AI optimism trade. Nothing meaningful out of the release of September’s FOMC minutes. Treasury’s auction of $39B in 10-year notes tailed by 0.3 bp, with a notable dropoff in bid-to-cover and foreign demand vs last month. Nvidia will reportedly invest $2B of equity in xAI as part of a ~$20B fund raise.