"US Stocks Extend 7-Week Rally as Optimism Prevails Amid Higher Oil Prices"

US stocks continued their seven-week rally, with the Dow Jones Industrial Average closing at another record high and the S&P 500 and Nasdaq Composite also posting gains. Investors remain optimistic about the possibility of more interest rate cuts by the Federal Reserve, despite officials cautioning against expectations of deeper and faster cuts. In other news, Airbnb's apartment-rental program has seen renters earn $7 million in its first year, Amazon is reportedly in talks to invest in bankrupt Diamond Sports Group, and Goldman Sachs has raised its 2024 outlook for the S&P 500 to 5,100.