The blue-chip Dow Jones Industrial Average closed at a record high as a subdued inflation report stoked hopes for more Federal Reserve rate cuts, which also boosted small-cap stocks and enabled Wall Street's three main indexes to post weekly gains.

The S&P 500 was headed for its 42 record close of the year on Thursday, pushed higher by a surge in stocks of companies that make materials used to support manufacturing. The S&P 500 was up 19 points, or 0.3%, near 5,741, at last check.

The blue-chip Dow Jones Industrial Average closed at a record high today as investors welcomed a subdued inflation report that also lifted small-cap stocks which stand to benefit from more interest rate cuts by the Federal Reserve.

Coldplay has extended their residency at London’s Wembley Stadium to 10 concerts, meaning that they will surpass Taylor Swift’s current record. Swift, 34, became the first solo artist to play at Wembley eight times in a single tour after bringing The Eras Tour to London this summer.

After performing eight sold-out shows at Wembley Stadium in 2024, Taylor Swift’s Eras Tour record will be broken by Coldplay in 2025. Coldplay originally announced six shows at Wembley Stadium in London,