Stock Market Records and Inflation Data

SOURCE thehill.com
Major U.S. stock indexes closed at record highs after new data showed inflation slowing down, leading to gains in the Dow, S&P 500, and Nasdaq. The Federal Reserve might cut interest rates if inflation continues to fall.

Key Points

  • Stock indexes rally with Dow up 0.9%, S&P up 1.2%, and Nasdaq up 1.4%
  • Inflation fell from higher levels, easing concerns
  • Fed may consider interest rate cuts to boost economy

Pros

  • Record highs in major U.S. stock indexes
  • Inflation slowing down to 3.4% annual rate in April
  • Potential for Federal Reserve to cut interest rates