Midweek Double Whammy: Fed Decision & Big Tech Earnings Collide Amid Trump-Xi Trade Truce
Markets Soar to Record Highs on Fed Hopes and Trade Optimism Investors head into this pivotal week riding a wave of market euphoria. Last Friday (Oct. 24), U.S. stocks roared to new record highs across the board. The Dow Jones Industrial Average jumped about 400 points (+0.8%) to close at an all-time peak, while the S&P 500 climbed 0.8% and the Nasdaq Composite 1.0%, both also notching record closes ts2.tech. All three major indexes gained roughly 2% over the course of the week investopedia.com, capping a rally fueled by encouraging economic news. The catalyst: fresh evidence that inflation is cooling.