Dow Hits Record High as August Ends with Strong Market Gains

Driven by positive economic indicators, US stock markets performed well on Friday, with the Dow Jones Industrial Average reaching record highs for a second consecutive day. August saw sustained growth in the S&P 500 and Dow Jones, fueled by optimism about a potential soft landing for the US economy. Investors are increasingly confident about an interest rate cut at the Federal Reserve`s September meeting, based on recent inflation data aligning with expectations. Market focus next week will shift to the August jobs report, which could influence the magnitude of the Federal Reserve`s anticipated rate cut.