Federal Reserve Rate Cut Bets Lift Dow, S&P 500, Nasdaq to Record Highs
U.S. stocks hit fresh records as investors bet on a Fed rate cut next week. A sharp 911,000-job downward revision to employment data strengthened the case for easing, even as tariffs raised inflation questions. The Dow rose 196 points, the S&P 500 gained 0.3%, and the Nasdaq added 0.4%. The 10-year Treasury yield ticked up to 4.08%.