London Daily

Focus on the big picture.
Wednesday, Oct 22, 2025

Wall Street up 4th Week in Row on Record Highs as Investors ‘Accept’ High Inflation

Wall Street up 4th Week in Row on Record Highs as Investors ‘Accept’ High Inflation

US stocks hit record highs on Friday before rounding out a fourth straight week of gains, powered by mostly strong corporate earnings for the third quarter and investors’ acceptance that high inflation was likely to be a way of life in the United States.

All three of Wall Street’s major equity indexes - the Dow Jones Industrial Average, the S&P 500 and the Nasdaq Composite Index - hit all-time highs in their last session for October, capping out a perfect month for stock bulls who saw cumulative gains of between 5% and 7% over the past four weeks from each of the three indices.

Friday’s rally capped a quarter of blockbuster profits for most US corporations in the banking to healthcare, auto, technology and the entertainment sectors.

Still, not all companies had stellar earnings, with online commerce behemoth Amazon and consumer tech giant Apple notably missing analysts’ forecasts for the quarter.

US consumer sentiment also remains at risk from soaring inflation although Americans seem resigned to higher costs from economic upheavals caused by the coronavirus pandemic, the University of Michigan said in the latest iteration of its closely-watched consumer survey on Friday.

The survey showed that the US Federal Reserve’s annual inflation gauge hitting a 30-year high in September, keeping the pressure up on the central bank’s policy makers as well as the White House in reigning in surging costs.

“Despite all the mounting inflationary fears, the growth outlook for next year is still robust and that will keep investors betting on US growth exceptionalism,” Ed Moya, analyst at online trading platform OANDA, said.

The Dow, a blue-chip index which groups mostly industrial stocks, closed up 89 points, 0.3%, at 35,820. It hit a record high of 35,893 earlier in the session. For October, the Dow rose 5.8%.

The S&P 500, which consists of the top 500 US stocks, settled up 9 points, 0.2%, at 4,605. It hit an all-time high of 4,609 earlier. For the month, the S&P was up 6.9%.

Nasdaq, which groups Big Tech names such as Facebook, Amazon, Apple, Netflix and Google, closed the day up 50 points, or 0.3%, at 15,498, after hitting a record high at 15,504. For October, the tech-heavy index gained 7.3%.

Newsletter

Related Articles

0:00
0:00
Close
Apple Challenges EU Digital Markets Act Crackdown in Landmark Court Battle
Nicolas Sarkozy begins five-year prison term at La Santé in Paris
Japan stocks surge to record as Sanae Takaichi becomes Prime Minister
This Is How the 'Heist of the Century' Was Carried Out at the Louvre in Seven Minutes: France Humiliated as Crown with 2,000 Diamonds Vanishes
China Warns UK of ‘Consequences’ After Delay to London Embassy Approval
France’s Wealthy Shift Billions to Luxembourg and Switzerland Amid Tax and Political Turmoil
"Sniper Position": Observation Post Targeting 'Air Force One' Found Before Trump’s Arrival in Florida
Shouting Match at the White House: 'Trump Cursed, Threw Maps, and Told Zelensky – "Putin Will Destroy You"'
Windows’ Own ‘Siri’ Has Arrived: You Can Now Talk to Your Computer
Thailand and Singapore Investigate Cambodian-Based Prince Group as U.S. and U.K. Sanctions Unfold
‘No Kings’ Protests Inflate Numbers — But History Shows Nations Collapse Without Strong Executive Power
Chinese Tech Giants Halt Stablecoin Launches After Beijing’s Regulatory Intervention
Manhattan Jury Holds BNP Paribas Liable for Enabling Sudanese Government Abuses
Trump Orders Immediate Release of Former Congressman George Santos After Commuting Prison Sentence
S&P Downgrades France’s Credit Rating, Citing Soaring Debt and Political Instability
Ofcom Rules BBC’s Gaza Documentary ‘Materially Misleading’ Over Narrator’s Hamas Ties
Diane Keaton’s Cause of Death Revealed as Pneumonia, Family Confirms
Former Lostprophets Frontman Ian Watkins Stabbed to Death in British Prison
"The Tsunami Is Coming, and It’s Massive": The World’s Richest Man Unveils a New AI Vision
Outsider, Heroine, Trailblazer: Diane Keaton Was Always a Little Strange — and Forever One of a Kind
Dramatic Development in the Death of 'Mango' Founder: Billionaire's Son Suspected of Murder
Two Years of Darkness: The Harrowing Testimonies of Israeli Hostages Emerging From Gaza Captivity
EU Moves to Use Frozen Russian Assets to Buy U.S. Weapons for Ukraine
Europe Emerges as the Biggest Casualty in U.S.-China Rare Earth Rivalry
HSBC Confronts Strategic Crossroads as NAB Seeks Only Retail Arm in Australia Exit
U.S. Chamber Sues Trump Over $100,000 H-1B Visa Fee
Shenzhen Expo Spotlights China’s Quantum Step in Semiconductor Self-Reliance
China Accelerates to the Forefront in Global Nuclear Fusion Race
Yachts, Private Jets, and a Picasso Painting: Exposed as 'One of the Largest Frauds in History'
Australia’s Wedgetail Spies Aid NATO Response as Russian MiGs Breach Estonian Airspace
McGowan Urges Chalmers to Cut Spending Over Tax Hike to Close $20 Billion Budget Gap
Victoria Orders Review of Transgender Prison Placement Amid Safety Concerns for Female Inmates
U.S. Treasury Mobilises New $20 Billion Debt Facility to Stabilise Argentina
French Business Leaders Decry Budget as Macron’s Pro-Enterprise Promise Undermined
Trump Claims Modi Pledged India Would End Russian Oil Imports Amid U.S. Tariff Pressure
Surging AI Startup Valuations Fuel Bubble Concerns Among Top Investors
Australian Punter Archie Wilson Tears Up During Nebraska Press Conference, Sparking Conversation on Male Vulnerability
Australia Confirms U.S. Access to Upgraded Submarine Shipyard Under AUKUS Deal
“Firepower” Promised for Ukraine as NATO Ministers Meet — But U.S. Tomahawks Remain Undecided
Brands Confront New Dilemma as Extremists Adopt Fashion Labels
The Sydney Sweeney and Jeans Storm: “The Outcome Surpassed Our Wildest Dreams”
Erika Kirk Delivers Moving Tribute at White House as Trump Awards Charlie Presidential Medal of Freedom
British Food Influencer ‘Big John’ Detained in Australia After Visa Dispute
ScamBodia: The Chinese Fraud Empire Shielded by Cambodia’s Ruling Elite
French PM Suspends Macron’s Pension Reform Until After 2027 in Bid to Stabilize Government
Orange, Bouygues and Free Make €17 Billion Bid for Drahi’s Altice France Telecom Assets
Dutch Government Seizes Chipmaker After U.S. Presses for Removal of Chinese CEO
Bessent Accuses China of Dragging Down Global Economy Amid New Trade Curbs
U.S. Revokes Visas of Foreign Nationals Who ‘Celebrated’ Charlie Kirk’s Assassination
AI and Cybersecurity at Forefront as GITEX Global 2025 Kicks Off in Dubai
×