The Dow Jones Industrial Average achieved a second consecutive record close, driven by positive U.S. economic data that has heightened expectations for a Federal Reserve interest rate cut in September. Wall Street's main indexes ended higher, with notable gains from Tesla and Amazon. The fresh economic data has bolstered hopes that the Fed will implement a modest rate cut, potentially easing financial conditions. This optimism has contributed to the upward momentum in the stock market, with investors anticipating more favorable borrowing costs.