Wall Street extends gains on renewed rate-cut hopes – MASHAHER

The benchmark S&P 500 and tech-heavy Nasdaq have risen marginally, setting fresh all-time highs a day after tepid inflation data bolstered hopes of interest-rate cuts.

All three major indexes notched record closes in the previous session after a smaller-than-expected rise in consumer inflation fuelled optimism that inflation was easing after three months of hotter numbers.