Dow Hits All-Time High on Cooling Inflation Data

Driven by positive inflation news and the Federal Reserve`s recent interest rate cut, the Dow Jones Industrial Average reached a new record high, marking its 32nd record close this year. The preferred inflation measure used by the Federal Reserve showed a cooling trend in consumer prices, nearing the central bank`s target. Other markets also showed positive movement, with significant gains in Chinese stock indices attributed to government stimulus measures. Gold is also experiencing a surge, heading towards its largest quarterly gain in history.