The Nasdaq composite index reached a new record high as investors anticipated upcoming inflation data. Major U.S. stock indices rose, with the S&P 500 and Dow also gaining amid expectations of Federal Reserve rate cuts.

Investors are focusing on a light week of economic reports, with inflation data expected to influence the rate-cut trade. Treasury yields fell to five-month lows, and gold prices remained near record highs due to growing odds of Fed easing.

Key Market Movements

• Nasdaq: Record close
• S&P 500: Modest gains
• Dow Jones: Positive territory

This surge reflects broader market optimism despite recent weak jobs data. Source: Yahoo Finance