The blue-chip Dow Jones Industrial Average hit a new record high on Friday as investors cheered a tame inflation report that also boosted small-cap stocks which should benefit from lower interest rates.

U.S. stocks closed another record-setting week with a muted performance Sept. 27, as hope built on Wall Street that the U.S. economy can manage the rare feat

U.S. stocks closed another record-setting week with a muted performance Friday, as hope built on Wall Street that the U.S. economy can manage the rare feat of suppressing high inflation without causing a recession.