economy Stocks surged on Friday as Wall Street celebrated the strength of the U.S. economy . The Dow jumped 341 points, or 0.8%, closing at a new record high of 42,352.75. The S&P 500 rose 0.9%, and the Nasdaq Composite gained 1.2%, with all three major indexes ending the week on a positive note. This rally follows the release of data showing the economy added a staggering 254,000 jobs last month, far exceeding economists’ expectations. The impressive job growth has fueled optimism that the economy could achieve a “soft landing,” where inflation eases without triggering a recession economy . Traders now see a 96% likelihood that the Federal Reserve will cut interest rates by a quarter point at its November meeting, according to the CME FedWatch Tool, a sharp increase from a 68% probability just a day earlier economy . Looking ahead, investors are turning their focus to key inflation data set for release next week, with the Consumer Price Index (CPI) and Produce...