Stocks Hit Record Highs After Benign Inflation Report

Core Insights - The stock market reached record highs following the September inflation report, which suggests potential for further interest-rate cuts by the Federal Reserve [1] Market Performance - The Dow Jones Industrial Average increased by 377 points, or 0.8% - The S&P 500 also rose by 0.8% - The Nasdaq Composite saw a gain of 1% - All three indices achieved intraday record highs [1] Treasury Yields - The yield on the 2-year Treasury note decreased to 3.47% - The yield on the 10-year Treasury note fell to 3.99% [2]