Global stocks rose this week, driven by positive sentiment following central bank decisions. The Federal Reserve, Norway, and Canada all cut interest rates. Wall Street hit record highs, with the Dow up 0.37%, S&P 500 up 0.49%, and Nasdaq up 0.72%. Investors anticipate further rate cuts to boost stocks.

The Fed’s decision to cut rates disappointed some investors hoping for a clear path to lower rates. Market focus now shifts to earnings season in October to assess the impact of tariffs on profits. U.S. 10-year note yield rose to 4.129% and 2-year note yield to 3.574%.

President Trump and Chinese President Xi Jinping made progress on a TikTok agreement. A stopgap spending bill to avert a government shutdown failed in the Senate. The U.S. dollar index rose, but the dollar weakened against the Swiss franc and yen. The euro fell to $1.1745, and the British pound to $1.3467.

The Bank of England held rates steady but slowed bond unloading. Oil prices fell despite a U.S. rate cut, with Brent crude at $66.68 and West Texas Intermediate at $62.68. Gold rose to $3,681.79, marking its fifth consecutive week of gains.

Read more at Yahoo Finance: Stocks finish week higher; Wall Street at record highs