Overview

• The Dow Jones Industrial Average rose over 400 points, exceeding 40,000 for the fourth time in its history.
• Cooling inflation data has increased the likelihood of Federal Reserve rate cuts in September.
• The S&P 500 and Nasdaq also saw gains, with all sectors of the S&P 500 posting increases.
• Small-cap stocks continued their upward trend, with the Russell 2000 gaining for a second consecutive day.
• Bond yields have fallen as market expectations for rate cuts solidify.