S&P 500, Nasdaq Hit New Records.

Stocks in the S&P 500 and Nasdaq reached new record highs, with the S&P 500 advancing 0.3% and the Nasdaq Composite rising 0.2%. The Dow Jones Industrial Average also gained 0.2%. The recent rally in stocks is attributed to investor confidence that inflation is easing and the Federal Reserve will cut interest rates. Strong corporate earnings have also contributed to the positive sentiment on Wall Street. However, some investors caution that high stock prices could make the market vulnerable to a sharp selloff if economic data takes a negative turn. [Extracted from the article]