All Three Major Stock-Market Indexes Close at Records on Hopes for Deeper Rate Cuts
1. U.S. stocks closed at record highs on labor market report. 2. 911,000 fewer jobs were added than estimated over 12 months. 3. Rate cuts are expected next week; inflation reports may influence decisions. 4. Apple's stock slipped 1.5% after unveiling the iPhone 17 lineup. 5. Concerns about stagflation could affect the Fed's rate-cutting plans.