Wall Street rises to more records

Market Overview - U.S. stocks reached new record highs, with the S&P 500 rising 0.3%, the Dow Jones Industrial Average climbing 196 points (0.4%), and the Nasdaq composite gaining 0.4% [1] - The market's optimism is driven by expectations of a Federal Reserve interest rate cut due to signs of a slowing job market [2][3] Federal Reserve Expectations - Traders are anticipating the Federal Reserve will cut its main interest rate for the first time this year at the upcoming meeting, influenced by a report indicating a downward revision of job counts by 911,000 (0.6%) [2] - The prevailing sentiment is that the job market's issues are currently more pressing than inflation concerns stemming from tariffs imposed by President Trump [3] Inflation and Economic Outlook - Investors are hopeful that the job market is slowing at an optimal rate, which has contributed to record stock prices, while inflation remains a concern as it is challenging to keep below the Fed's 2% target [4] - Upcoming inflation reports could significantly impact market expectations, with higher-than-expected readings potentially complicating the Fed's decision-making regarding rate cuts [6] Company-Specific Developments - UnitedHealth Group's stock surged 8.6% after the company reaffirmed its profit forecast for 2025, helping to mitigate its year-to-date loss of 36.7% amid rising medical costs in the insurance industry [7]