Stock market today: Dow, S&P 500, Nasdaq surge to records as tame inflation cements Fed rate cut bets

US stocks surged to record highs on Friday as investors digested a crucial inflation report that helped cement expectations for the Federal Reserve’s next policy moves. The Dow Jones Industrial Average (^DJI) rose 1%, or over 450 points. The S&P 500 (^GSPC) gained 0.8%, while the Nasdaq Composite (^IXIC) jumped 1.2%. The September inflation data released on Friday morning came in cooler than expected. The headline Consumer Price Index rose 3% on an annual basis, the highest level since May but softer th ...