Reported about 11 hours ago
U.S. stocks surged to record highs on October 24, 2025, following a lower-than-expected inflation report, bolstering investor confidence in anticipated Federal Reserve interest rate cuts. The Dow Jones climbed over 460 points to close above 47,000 for the first time, while the S&P 500 and Nasdaq also reached all-time highs. The inflation data indicated a 3% year-over-year increase, slightly below forecasts, reinforcing the expectation for rate cuts at the Fed's upcoming meeting. Despite some uncertainty in trade negotiations, notably with Canada, the markets reacted positively to the economic news, with significant earnings boosts observed in stocks like Ford and Intel.
Source: YAHOO