Dow Jones Surges Past 47,200 in Record U.S. Stock Rally

U.S. stock markets reached new record highs on Friday, led by the Dow Jones Industrial Average surpassing 47,200 for the first time, driven by investor optimism from better-than-expected inflation data and anticipation of Federal Reserve interest rate cuts. The S&P 500 and Nasdaq Composite also closed at all-time highs, supported by strong corporate earnings especially in technology and cyclical sectors. The September Consumer Price Index showed inflation rising less than expected, easing concerns about persistent price pressures and bolstering expectations that the Fed will continue cutting rates to support the economy. This outlook helped fuel a broad market rally, with investors rotating into value and industrial stocks while maintaining confidence in innovation-driven sectors such as AI and semiconductors. Despite recent economic uncertainties and market volatility, the positive inflation news and robust earnings reports have reinforced bullish sentiment on Wall Street. Analysts noted that the Fed’s focus has shifted more toward labor market conditions than inflation, signaling further monetary easing ahead.