On Thursday, all three leading U.S. stock indices - S&P 500, Nasdaq 100, and Dow Jones - hit new all-time highs, driven by investor optimism about potential interest rate cuts. Despite concerning economic data showing a 2.9% year-over-year increase in U.S. inflation and a spike in weekly jobless claims to 263,000, the market remained upbeat. Investors are confident that the Federal Reserve will prioritize boosting the labor market over managing inflation. By midday in New York, the S&P 500 rose by 0.8% to reach 6,584, Nasdaq 100 climbed 0.7% surpassing 24,000, and Dow Jones surged by 1.3% reaching 46,080. Traders have fully factored in a 25-basis-point rate cut anticipated next week.