The
$S&P/ASX 200 (.XJO.AU)$ index reached a new all-time high in morning trade, hitting 7,901.2 points and surpassing the previous intraday record of 7,853.1 points set on March 8.
The
$S&P 500 Index (.SPX.US)$ also hit a record close, up by 0.9%, mirroring gains in Australian stocks. Confidence is growing among investors that inflation is being reined in, fueling anticipation of potential interest rate cuts. This op...