Dow, S&P 500, Nasdaq Hit Another Record
- Stephen H Akin
- Sep 23
- 7 min read
Updated: Oct 19
US stocks edged higher as Wall Street kept up a record-setting streak on the back of Big Tech mega caps.
S & P 500 Next 12 Months Price to Earnings Ratio
The Dow Jones Industrial Average nudged up 0.2%, while the S&P 500 rose almost 0.5%. The tech-heavy Nasdaq Composite led the way, rising 0.7%. All three major averages posted their third consecutive day of fresh records.
Gold and Silver Are Soaring.
As Markets reach new highs here are a few issues that are leading the way
Newmont Corp is primarily a gold producer with operations and/or assets in the United States, Canada, Mexico, Dominican Republic, Peru, Suriname, Argentina, Chile, Australia, and Ghana. It is also engaged in the production of copper, silver, lead and zinc. The company's operations are organized in five geographic regions: North America, South America, Australia, Africa and Nevada.
RTX Corporation is an aerospace and defense company, which provides advanced systems and services for commercial, military, and government customers worldwide. The Company operates through three segments: Collins Aerospace, Pratt & Whitney, and Raytheon. Collins Aerospace segment provides technologically advanced aerospace and defense products and aftermarket service solutions for civil and military aircraft manufacturers, commercial airlines, and regional, business and general aviation, as well as for defense and commercial space operations. The Pratt & Whitney segment supplies aircraft engines for commercial, military, business jet, and general aviation customers. The Raytheon segment provides defensive and offensive threat detection, tracking and mitigation capabilities for the United States and foreign government and commercial customers. The Raytheon designs, develops, and provides advanced capabilities in integrated air and missile defense, smart weapons, missiles and others.
JPMorgan Chase is one of the largest and most complex financial institutions in the United States, with nearly $4 trillion in assets. It is organized into four major segmentsconsumer and community banking, corporate and investment banking, commercial banking, and asset and wealth management. JPMorgan operates, and is subject to regulation, in multiple countries.
Cameco is one of the world's largest uranium producers. When operating at normal production, the flagship McArthur River mine in Saskatchewan accounts for roughly 50% of output in normal market conditions. Amid years of uranium price weakness, the company has reduced production, instead purchasing from the spot market to meet contracted deliveries. In the long term, Cameco has the ability increase annual uranium production by restarting shut mines and investing in new ones. In addition to its large uranium mining business, Cameco operates uranium conversion and fabrication facilities
MP Materials Corp is the largest producer of rare earth materials in the Western Hemisphere. The company owns and operates the Mountain Pass Rare Earth Mine and Processing Facility, the only rare earth mining and processing site ofscale in North America.
Palantir Technologies provides organizations with solutions to manage large disparate data sets in an attempt to gain insight and drive operational outcomes. Founded in 2003, Palantir released its Gotham software platform in 2008, which focuses on the government intelligence and defense sectors. Palantir expanded into various commercial markets with its Foundry software platform in 2016 with the intent of becoming the data operating system for companies and industries. The Denver company had 125 customers as of its initial public offering and roughly splits its revenue between commercial and government customers.
Boeing is a major aerospace and defense firm. The firm operates in four segments, commercial airplanes, defense, space & security, global services, and Boeing capital. Boeing's commercial airplanes segment competes with Airbus in the production of aircraft ranging from 130 seats upwards. Boeing's defense, space & security segment competes with Lockheed, Northrop, and several other firms to create military aircraft and weaponry. Boeing global services provides aftermarket support to airlines.
Boeing Defense, Space & Security Partners with Palantir to Accelerate AI Adoption Across Defense, Classified Programs
September 23, 2025
- Boeing Defense, Space & Security to leverage Palantir capabilities across programs for global military customers
- Partnership will help standardize data analytics and insights across geographically dispersed locations ARLINGTON, Va., Sept. 23, 2025 /PRNewswire/ -- Boeing [NYSE: BA] and Palantir [NASDAQ: PLTR] announced at the annual Air, Space & Cyber Conference the two companies are working together to integrate artificial intelligence (AI) systems and software across Boeing Defense, Space & Security (BDS) factories and programs.
BDS will leverage Palantir's groundbreaking Foundry platform, which leverages AI to unify complex and disparate systems under a streamlined and intuitive user interface. BDS operates more than a dozen major production lines manufacturing military aircraft, helicopters, satellites, spacecraft, missiles and weapons. The partnership between BDS and Palantir will help standardize data analytics and insights across its geographically dispersed family of defense factories.
"Palantir is on the cutting edge when it comes to leveraging Artificial Intelligence to accelerate getting critical products, services and capabilities in the hands of military operators," said Steve Parker, CEO, Boeing Defense, Space & Security. "This collaboration is a natural fit that brings together two great companies with a common mission: supporting uniformed personnel in protecting freedom around the world."
In addition, BDS has tapped Palantir to provide AI expertise and capabilities on a number of undisclosed classified and proprietary efforts focused on supporting military customers' most sensitive missions.
"Palantir and Boeing Defense, Space & Security are committed to delivering dominant capabilities to the warfighter to deter conflict and defend the homeland," said Mike Gallagher, Palantir's Head of Defense. "This partnership will turbocharge production and innovation, allowing Boeing and Palantir to bring cutting-edge technology to current and next-generation defense programs. America's enemies aren't slowing down and neither can we."
A leading global aerospace company and top U.S. exporter, Boeing develops, manufactures and services commercial airplanes, defense products and space systems for customers in more than 150 countries. Our U.S. and global workforce and supplier base drive innovation, economic opportunity, sustainability and community impact. Boeing is committed to fostering a culture based on our core values of safety, quality and integrity.
PLEASE NOTE: THE ABOVE NAMED STOCKS ARE FOR INFORMATION PURPOSES ONLY AND NOT A BUY OR SELL RECOMMENDATION.
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The Fed’s New “Gain-of-Function” Monetary Policy
by US Treasury Secretary Scott Bessent
Overuse of nonstandard policies, mission creep, and institutional bloat are threatening
the central bank’s monetary independence.As we saw during the Covid pandemic, lab-created experiments can wreak havoc when they escape their confines. Once released, they can’t easily be put back. The “extraordinary” monetary-policy tools unleashed after the 2008 financial crisis have similarly transformed the Federal Reserve’s policy regime, with unpredictable consequences.
The Fed’s new operating model is effectively a gain-of-function monetary policy experiment. Overuse of nonstandard policies, mission creep and institutional bloat threaten the central bank’s independence. The Fed must change course. Its standard tool kit has become too complex to manage, with uncertain theoretical underpinnings. Simple and measurable tools, aimed at a narrow mandate, are the clearest way to deliver better outcomes and safeguard central-bank independence over time.
One might think that new tools created after 2008 and the centralization of the financial market would have given the Fed greater insight about the economy’s direction. At a minimum, all those gained functions should have allowed the Fed to steer the economy more effectively. That didn’t happen. In 2009, the Fed forecast that real gross domestic product would accelerate to 4% in 2011. Instead, growth slowed to 1.6%. Cumulatively over that period, the Fed’s two-year projections overstated real GDP by more than $1 trillion. Repeated misses demonstrate that the Fed placed too much faith in its own abilities and in expansionary fiscal policy to spur growth.
Successive interventions during and after the financial crisis of 2008 created what amounted to a de facto backstop for asset owners. This harmful cycle concentrated national wealth among those who already owned assets. Within the corporate sector, large firms thrived by locking in cheap debt, while smaller firms reliant on floating-rate loans were squeezed as rates rose. Homeowners saw their property values soar, largely insulated by fixed-rate mortgages. Meanwhile, younger and less affluent households, shut out of ownership and hit hardest by inflation, missed out on appreciation.
By failing to deliver on its inflation mandate, the Fed allowed class and generational disparities to widen. Its pursuit of a wealth effect to stimulate growth backfired. “Unprecedented inequality is clear proof that the wealth effect is all too effective for the wealthy, but an accelerant to economic hardship for everyone else,” financial analyst Karen Petrou wrote in her book “Engine of Inequality” (2021).
At the heart of independence lies credibility and political legitimacy. Both have been jeopardized by the Fed’s expansion beyond its mandate. Heavy intervention has produced severe distributional outcomes, undermined credibility and threatened independence. Looking ahead, the Fed must scale back the distortions it causes in the economy. Unconventional policies such as quantitative easing should be used only in true emergencies, in coordination with the rest of the federal government. There must also be an honest, independent, nonpartisan review of the entire institution, including monetary policy, regulation, communications, staffing and research.
The U.S. faces short-and medium-term economic challenges, along with the long-term consequences of a central bank that has placed its own independence in jeopardy. The Fed’s independence comes from public trust. The central bank must recommit to maintaining the confidence of the American people. To safeguard its future and the stability of the U.S. economy, the Fed must re-establish its credibility as an independent institution focused solely on its statutory mandate of maximum employment, stable prices and moderate long-term interest rates.
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