NASDAQ:LAC 3 October 2025 - 2 February 2026

U.S. stocks extended their autumn rally on Friday as investors doubled down on hopes that the Federal Reserve’s rate-hiking cycle is finally reversing course. The Dow Jones Industrial Average jumped nearly three-quarters of a percent to finish above 46,800 – its first-ever close above the 46,000 mark – and the S&P 500 notched a modest gain to end at 6,727, also a record high close reuters.com. In fact, both the Dow and S&P set all-time intraday highs during the session investopedia.com, capping what has been a stellar week. This strength came despite a notable divergence: the Nasdaq Composite, which had been climbing in the morning, flipped into the red by the closing bell, down about 0.2% reuters.com.