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Updated Fri, Oct 24 2025 4:14 PM EDT

Dow rallies 400 points for first close above 47,000 ever following mild inflation report: Live updates​

U.S. stocks closed at new heights on Friday as cool inflation data spurred optimism among investors that the Federal Reserve can stay on its rate-cutting path, boosting the U.S. economy and justifying higher valuations for equities.

The Dow Jones Industrial average rose 472.51 points, or 1.01%, to 47,207.12, securing its first close above the 47,000 level ever. The S&P 500 added 0.79% to 6,791.69, while the Nasdaq Composite climbed 1.15% to 23,204.87. All three major averages closed at records.

The September consumer price index report — which was delayed because of the U.S. government shutdown — rose 0.3% on the month, bringing the annual inflation rate to 3%, according to the Bureau of Labor Statistics. That’s just below the 0.4% and 3.1% that economists polled by Dow Jones had expected. When excluding food and energy, core CPI came in at 0.2% last month and 3% on a 12-month basis, also lighter than the Dow Jones forecasts for 0.3% and 3.1%, respectively.

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Ag Economists Warn of Lingering Farm Economic Strain: ’Not the 1980s, But Close’​

Oct 24, 2025
Ag economists say today's ag slowdown "isn't a collapse, but it's a grind." From trade woes to rising input costs, experts warn recovery could take time, but the situation doesn’t look to be improving anytime soon. So, is this a repeat of the 1980s?


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