Dow Jones Hits Record High as Global Markets Rally

Strong earnings reports and easing inflation bolster investor confidence, driving gains across major indices.

The Dow Jones Industrial Average surged over 300 points, closing at a record high of 43,078, fueled by strong earnings from Morgan Stanley and United Airlines.
Global inflationary pressures appear to be easing, with significant rate cuts anticipated from central banks, including the European Central Bank and the Bank of England.
Australia's unemployment data is set for release, with expectations of a steady rate at 4.2%, which could influence monetary policy decisions by the Reserve Bank of Australia.
The Russell 2000 index of small-cap stocks reached its highest level since November 2021, reflecting a broader market rally beyond large-cap tech stocks.
Morgan Stanley reported a 32% increase in quarterly profits, driven by a surge in investment banking fees, while chip stocks remain volatile amid concerns over demand.