Dow Jones Hits Record High Amid Mixed Markets

U.S. stock indices experienced mixed results, with the Dow Jones Industrial Average reaching a new all-time high, closing at 41,622.08, while the Nasdaq fell by 0.5%. Investors are eagerly anticipating the Federal Reserve's meeting on Wednesday, where a significant interest rate cut is expected for the first time in over four years. Intel's share price rose by 8.46% following its announcement of an expanded collaboration with Amazon Web Services, countering a 2.8% decline in Apple shares due to disappointing iPhone 16 Pro preorders. Economic indicators showed stronger-than-expected retail spending, although underlying details were less optimistic. The likelihood of a 50 basis-point rate cut has increased significantly, reflecting growing investor confidence in the Fed's response to the economic climate.