The Dow Jones Industrial Average (DIA) closed at an all-time high after new data showed that inflation in the U.S. continues to trend down towards the U.S. Federal Reserve’s 2% target. The leading index that is comprised of 30 blue-chip stocks and meant to act as a proxy for the U.

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 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.

NEW YORK (Reuters) -Treasury yields and the dollar fell while the Dow registered a record closing high on Friday as a subdued U.S. inflation report lifted expectations of an outsized interest rate cut at the Federal Reserve's November policy meeting.

The Dow Jones Industrial Average closed at a record high, driven by investor optimism following a subdued inflation report. While the Nasdaq and S&P 500 edged slightly lower, all three indexes posted their third consecutive week of gains.

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

Major stock averages finished mixed Friday, with the Dow Jones Industrial Average (DJI) posting a new record closing high after the Fed's preferred inflation measure cooled further in August, while tech stocks weighed on Wall Street's other key indexes.