Business, Finance, Stocks
The Dow Jones reached 47,207.12, driven by favorable CPI data and expectations of rate cuts.
By William Collins, consultant in stock markets – Eurasia Business News, October 24, 2025. Article no 1853
Wall Street, Manhattan, New York City- Photo credit : Swann Collins
The Dow Jones Industrial Average closed above 47,000 for the first time ever on October 24, following a favorable inflation report. The Dow rose by about 1.01%, gaining 472.51 points to close at 47,207.12. This milestone was driven by a Consumer Price Index (CPI) report for September showing inflation at 3% year-over-year, slightly below the expected 3.1%.
Month-over-month price increases were 0.3%, also below expectations. The mild inflation data reinforced investor optimism about an imminent interest rate cut by the Federal Reserve, with nearly all market participants expecting a quarter-point rate reduction next week, and further cuts possible thereafter.
The Dow’s rally was part of a broader rise in U.S. indexes, with the S&P 500 and Nasdaq also hitting record highs amid hopes for easier monetary policy and continued economic growth.
The S&P 500 gained 0.79%, closing at 6,791.69, reaching a new all-time high. The Nasdaq Composite rose by about 1.1%, closing at approximately 23,205, also hitting record levels. These gains were driven by strong performances in technology and semiconductor stocks, including notable rises in companies like Nvidia, AMD, Intel, and Micron.
Stocks have also been helped by optimism over news that President Trump will meet with Chinese leader Xi Jinping next week. Strong earnings this week have also supported the market. Ford’s stock rallied by 12% on Friday, following the announcement of a plan to increase production of its F-Series vehicles by more than 50,000 trucks next year.
Read also : Gold : Build Your Wealth and Freedom
Gold prices experienced a slight decline after recent gains. Gold futures traded around $4,102.95 per troy ounce, down about 0.56% from the previous day, following profit-taking after reaching record highs earlier in the week. The gold price was affected by a stronger U.S. dollar and easing safe-haven demand after the inflation report. However, gold remains significantly up year-over-year, maintaining strong performance as an inflation hedge.
Silver prices also declined modestly on the same day, trading near $48.57 per ounce, down about $0.33. The silver market followed gold’s trend, impacted by the renewed risk sentiment and the Federal Reserve’s expected rate cuts.
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© Copyright 2025 – Eurasia Business News. Article no. 1853
Founded in 2017, Eurasia Business News is an independent platform where are published articles on economy, finance, geopolitics, tax and legal issues in Europe, America and Asia. Our goal is to bring new and valuable insights to business leaders, policymakers, scholars and citizens. Articles are published in both English and French. Premium content is available for monthly subscribers. View all posts by Eurasia Business News
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