Stocks shot out of the gate Friday and kept climbing into the close as market participants cheered a tame inflation reading that all but confirmed a rate cut at next week's Fed meeting. A round of well-received earnings also lifted sentiment ahead of a busy week of corporate reports.
At the close, the Dow Jones Industrial Average was up 1.0% at 47,207, the S&P 500 was 0.8% higher at 6,791, and the Nasdaq Composite had gained 1.2% to 23,204 – new record highs for all three indexes.
