US: Stocks end at record highs after inflation data; Dow up 1%

[NEW YORK] Wall Street stocks surged to fresh records on Friday (Oct 24) after benign US inflation data set the stage for another US Federal Reserve interest rate cut.

All three major US indices finished at all-time highs, with the Dow Jones Industrial Average winning 1 per cent at 47,207.12.

The broad-based S&P 500 gained 0.8 per cent to 6,791.69, while the tech-rich Nasdaq Composite Index jumped 1.2 per cent to 23,204.87. AFP