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S&P 500, Nasdaq Hit Record Highs Amid Rate-Cut Speculation

Nasdaq the Federal Reserve Inflation Stock Market
A street sign for Wall Street is seen outside the New York Stock Exchange (NYSE) in New York City

The S&P 500 and Nasdaq reached record highs as investors reacted to the latest inflation data, which has fueled expectations of potential interest rate cuts by the Federal Reserve.

The S&P 500 index closed at a new all-time high, gaining X points, or X%, to finish at X.XX. The Nasdaq Composite also hit a record high, rising X points, or X%, to end the day at X.XX.

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