Wall Street continued its record-breaking streak as US economic data supported expectations of a Federal Reserve interest rate cut next week. The S&P 500 reached a new high, rising 0.8%, while the Dow surged 1.4% and the Nasdaq increased 0.7%. Inflation increased slightly but remained above the Fed's 2% target, influencing monetary policy decisions. Stocks benefiting from lower interest rates, including Builders FirstSource and Opendoor, saw significant gains amid investor optimism about the economy and future rate cuts.