U.S. stocks rise in September on Fed rate cut and positive economic data

U.S. stocks showed strong performance in September, aided by a significant rate cut from the Federal Reserve and positive economic data. The Dow Jones Industrial Average reached a record high, while the S&P 500 and Nasdaq also posted gains. Inflation data for August was lower than expected, with the personal consumption expenditures price index rising just 0.1%. This contributed to improved consumer sentiment, which increased to 70.1, surpassing forecasts. OPEC+ is tightening enforcement of oil output cuts after a drop in prices. Meanwhile, OpenAI anticipates a $5 billion loss this year, despite projecting $11.6 billion in revenue for 2025.