Meanwhile, wholesale inflation unexpectedly declined last month, bolstering the case for the Federal Reserve to cut rates next week. Oracle stunned Wall Street as its CEO said its cloud revenue will skyrocket thanks to a big jump in bookings from the "who's who of AI.

Gemini, founded in 2014, set its IPO price overnight, arriving above an already-boosted expected range of $24 to $26. The company, officially known as Gemini Space Station, sold 15.1 million Class A shares, fewer than previously expected, but at a higher price. The deal raised $425 million, according to the company. 1

Investors react to Wednesday's weaker-than-expected producer-price index for August as the S&P 500 and Nasdaq eke out small gains to finish at new records.

The Dow, S&P 500, and Nasdaq hit records as the stock market weighed the latest CPI inflation report and jobless claims data.

Recognizing the potential to deliver benefits to issuers, investors, and economies globally, Nasdaq announced today that it has submitted a filing to the U.S. Securities and Exchange Commission (SEC) to facilitate the trading of tokenized securities on its markets.

One of the most closely watched debuts in the crypto sector this year, Gemini's IPO highlights Washington’s shifted stance on digital assets.

Gemini Space Station, the crypto brokerage firm that actually is run by twins Cameron and Tyler Winklevoss, announced the pricing for its initial public offering after the market closed Thursday and will begin trading on the Nasdaq under the ticker symbol GEMI on Friday.

Oil prices dropped hard, as West Texas Intermediate futures fell 2% to around $62.40 a barrel. At the session low, light sweet crude futures plunged to $62.28. Natural gas fell more than 2%, but gold was off only 0.1% at $3,677 per ounce.