All 3 major stock indexes close at record highs as inflation slows down

All three major U.S. stock indexes—the Dow Jones Industrial Average, S&P 500, and Nasdaq Composite—reached record highs, buoyed by a report indicating a slowdown in inflation to 3.4% annually. This positive shift follows months of higher-than-expected inflation rates, influencing Federal Reserve's interest rate decisions. If the trend continues, it could lead to lower interest rates, potentially boosting stock market activity further.