Stocks soar, Dow Jones, S&P 500 reach new milestones

NEW YORK, New York - Stocks jumped sharply higher again on Friday with the Dow Jones industrials and Standard and Poor's 500 registering new record closing highs.

A raft of data this week sent mixed signals to the market with investors and traders now resigned to next month's Fed move to be a 25 basis points cut, in place of a 50 basis points cut.

"Overall, these numbers are getting less impactful as inflat