Dow crosses 46,000: Stocks hit record highs as Wall Street embraces Fed rate cut hopes

The Dow Jones Industrial Average soared to an all-time high on Thursday, surpassing the 46,000 mark and closing at 46,108. Investors showed optimism as August inflation data aligned with forecasts, raising expectations of a Federal Reserve rate cut in September.

Dow crosses 46,000: Stocks hit record highs as Wall Street embraces Fed rate cut hopes