Reported about 11 hours ago
US stocks surged to record highs on Friday following a cooler-than-expected Consumer Price Index (CPI) report, which bolstered predictions of upcoming Federal Reserve rate cuts. The Dow Jones rose over 460 points, closing above 47,000 for the first time, while the S&P 500 and Nasdaq also reached all-time highs. Despite ongoing government shutdowns delaying economic data, investor confidence remained high for rate reductions following the Fed's upcoming meeting, and corporate earnings from companies like Ford and Procter & Gamble exceeded expectations.
Source: YAHOO