Major US indexes notch fresh records on rate cut hopes | Business

NEW YORK, Sept 12, 2025 (BSS/AFP) - Wall Street's major indexes hit fresh records Thursday as US inflation and jobless claims data added to conviction that the Federal Reserve would lower interest rates next week. The Dow Jones Industrial average climbed 1.4 percent to 46,108.00, while the S&P 500 Index rose 0.9 percent to 6,587.47. The tech-focused Nasdaq Composite Index added 0.7 percent to 22,043.07. While the consumer price index (CPI), a key gauge of inflation, hit its highest level since the start of the year in August, this was in line with analysts' expectations. The 2.9 percent year-on-year CPI increase, coupled with a jump in initial jobless claims to its highest reading since 2021, reinforced hopes that the Fed...