Reported 10 days ago
The stock market closed strong with the Dow Jones Industrial Average reaching a new record, gaining 0.3% on Friday. Investors reacted positively to a cooling inflation report, anticipating potential interest rate cuts from the Federal Reserve. While the S&P 500 dipped slightly, both the Dow and Nasdaq recorded weekly gains, reflecting renewed confidence in the economy fostered by easing inflation and positive GDP readings.
Source: YAHOO