Major stock indexes hit record highs Friday after the release of slightly cooler-than-expected September inflation data that reinforced expectations the Federal Reserve will cut interest rates next week.

Stocks rallied to more records ahead of a week packed with potentially market-moving events. The S&P 500 rose 1.2% Monday.

The blue-chip Dow Jones Industrial Average was having a strong day compared with its peers. While the Nasdaq Composite was down about 0.2% and the S&P 500 was flat, the Dow was up 0.6%. Shares of Salesforce,

Ahead of Tuesday's opening bell, Dow Jones futures rose a fraction, as did S&P 500 futures and tech-heavy Nasdaq 100 futures. Remember that overnight action in Dow Jones futures and elsewhere doesn't necessarily translate into actual trading in the next regular stock market session.

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The Dow Jones Industrial Average was on track Friday to finish above 47,000 for the first time following what is set to be its best weekly showing since early July, Dow Jones Market Data showed. The Dow was up 926.

The Dow Jones Industrial Average hit a record on Tuesday as the floodgates opened for companies reporting how much profit they made during the summer. The Dow rose 218 points, or 0.5%, and topped its prior all-time high,

The Dow Jones Industrial Average hit a record on Tuesday as the floodgates opened for companies reporting how much profit they made during the summer.

On Friday, October 24, US stocks reached new record highs as investor sentiment was positive because inflation data showed prices rising a little slower than expected.

The S&P 500 and Nasdaq Composite closed higher on Thursday as EV maker Tesla had its best day in a decade, while the Dow Jones Industrial Average extended its losing streak to four days.