US Stocks Reach Record Peaks Ahead of Inflation Data and Fed Rate Decision

The US stock market has reached record peaks, driven by a sharp technology-led rally. This week's gains of 5.75% in the S&P 500 are its biggest four-day surge since April 2025.

The calm in U.S.-Iran tensions and lower oil prices have also contributed to the market's rise, alleviating concerns about inflation ahead of Wednesday's Consumer Price Index report.

Economists expect CPI to rise 3.4% year-over-year, but a decline in recent months could prevent the Federal Reserve from raising interest rates this year.