Stocks

Wall Street Review: Dow Surges Past 47,000 Amid Strong Earnings, Lower-Than-Expected Inflation

The rally followed a volatile pattern marked by shifting headlines on U.S.-China trade relations and renewed optimism on rate cuts.
Wall Street Review: Dow Surges Past 47,000 Amid Strong Earnings, Lower-Than-Expected Inflation
Traders work on the floor of the New York Stock Exchange on Oct. 24, 2025. Spencer Platt/Getty Images
Panos Mourdoukoutas
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Stocks extended their rally this week, with major indexes climbing to new highs as investors welcomed strong corporate earnings and lower-than-expected inflation data, reinforcing expectations of lower interest rates ahead.

The Dow Jones Industrial Average rose by 2.2 percent for the week to close at 47,207, briefly touching a record high on Oct. 24.

Panos Mourdoukoutas
Panos Mourdoukoutas
Author
Panos Mourdoukoutas is a professor of economics at Long Island University in New York City. He also teaches security analysis at Columbia University. He’s been published in professional journals and magazines, including Forbes, Investopedia, Barron's, IBT, and Journal of Financial Research. He’s also the author of many books, including “Business Strategy in a Semiglobal Economy” and “China's Challenge.”