Stocks Climb to Record Highs on the Outlook for Fed Rate Cuts

The S&P 500 Index (DOWI) (DIA) closed up +1.36%, and the Nasdaq 100 Index ($IUXX) (QQQ) closed up +0.60%. September E-mini S&P futures (ESU25) rose +0.81%, and September E-mini Nasdaq futures (NQU25) rose +0.60%. Stock indexes settled higher on Thursday, with the S&P 500, the Dow Jones Industrials, and the Nasdaq 100 all posting new record highs. Stocks rallied after Thursday’s as-expected Aug CPI report and an unexpected surge in ...