Wall Street’s Bull Run Continues as Dow Jones Hits Fresh Peak

The Dow Jones Industrial Average extended its winning streak, closing Wednesday’s session at an unprecedented 46,519.72 points. The blue-chip index advanced 78.62 points, representing a 0.2% gain, fueled by persistent strength in technology stocks and growing investor confidence in imminent Federal Reserve interest rate reductions.

Market participants are increasingly betting on accommodative monetary policy following the central bank’s September rate cut, with near-unanimous expectations for another reduction in October. This sentiment gained additional support from weaker-than-expected ADP employment data, which revealed a decline of 32,000 jobs in September, further strengthening the case for continued policy easing.

The broader market reflected this upward momentum, with both the S&P 500 and Nasdaq Composite indices also finishing at record highs, demonstrating correlated... Read more...