The surge in U.S. jobless claims to a four-year high has increased expectations for a Fed rate cut, leading to a drop in the dollar and bond yields while lifting Wall Street’s main indices to new highs. Investors are prioritizing easy monetary policy over growth concerns for now.

The European Central Bank kept rates steady at 2% and signaled the end of its rate-cutting cycle, citing a more balanced economy. Other central banks are also nearing the end of their easing cycles, with only Canada expected to cut rates by 50 bps by next year.

Oracle’s massive share price increase has reignited the debate on whether the U.S. tech and AI stock boom is a bubble. The surge, up to 43% in a day, raises concerns about the sustainability of the market rally, with key indicators showing potential signs of irrational exuberance in the sector.

Read more at Yahoo Finance: Easy does it, fresh peaks for Wall St