Investors largely cheered on Friday, sending major U.S. equity indexes back into record territory, after the latest CPI report boosted expectations for multiple Federal Reserve interest-rate cuts during the months ahead.

NEW YORK, NEW YORK - OCTOBER 20: Traders work on the floor of the New York Stock Exchange (NYSE) on October 20, 2025 in New York City. The Dow closed up over 500 points Monday ahead of the corporate earnings report. (Photo by Spencer Platt/Getty Images)

Wall Street indexes rose after Intel's impressive earnings exceeded market expectations, hinting at a promising week for tech stocks amid ongoing interest in AI. However, a much-anticipated inflation report raises caution due to potential impacts on Federal Reserve rate decisions,

The stocks outperformed Wall Street’s indices, which all finished in the green territory on Friday. The Nasdaq led gains, up 1.15 percent, followed by the Dow Jones, rising 1.01 percent, and the S&P 500 jumping 0.79 percent.

Surging Wall Street profits will give New York a much-needed cash infusion next year, easing the state’s painful budget crunch, according to a new report by state Comptroller Thomas DiNapoli.

CEO Brad Garlinghouse, whose company is seeking a federal bank license and Federal Reserve "master account," called banker pushback "hypocritical."

Prices of the yellow metal have been volatile, with spot gold hitting an all-time high of about $4,380 per ounce on Monday before falling sharply.

U.S. stocks hit records on Friday after an update on inflation came in a bit less painful than feared. The S&P 500 rose 0.8% and topped its prior all-time high, which was set earlier this month. The Dow Jones Industrial Average rallied 472 points,

Markets on Wall Street climbed early Friday after long-awaited government data showed that inflation remained elevated but that prices rose less than feared last month.