U.S. Stocks Hit New Highs Again, Boosted by Hopes for Rate Cuts.

The U.S. stock market reached new highs as investors anticipate an end to the post-Covid surge in borrowing costs. The Dow Jones Industrial Average rose by 0.7%, the S&P 500 increased by 0.3%, and the Nasdaq Composite gained 0.2%. Stock indexes in Europe and Japan also reached all-time highs. The Swiss National Bank reduced interest rates, becoming the first rich country to do so since central banks began their campaign against inflation. The Federal Reserve indicated that rate cuts may be warranted later this year. [Extracted from the article]