It’s another memorable day for the stock market, as the blue-chip Dow Jones Industrial Average Index reaches new record highs, surpassing the 40,000-mark milestone and breaking the previous peak set in May. Small caps continue their rally driven by strong bets on interest rate cuts, sustaining momentum after Thursday’s extraordinary surge. The Russell 2000 Index, as tracked by the iShares Russell 2000 ETF (NYSE:IWM), has had its best week of the year, gaining over 6%. Each of the eleven S&P 500 sectors showed a gain Friday, with the index of the 500 largest U.S. corporations rising 0.9%. For the S&P 500, this marks the tenth positive week out of the last twelve. The Nasdaq 100 also showed a solid rebound, rising by 1% after a 2.2% selloff the previous day. On the macro front, producer inflation rose more than expected in June. However, this did not affect expectations for rate cuts, with traders firmly anticipating a cut ...