The Dow Jones closed at a fresh record high following a winning week, with investors still digesting the significant Fed rate cut. In company news, FedEx raised concerns about U.S. economic growth as their customers are shifting to cheaper and slower delivery options. Nike shares surged 7% after announcing a new CEO, while Intel shares climbed on reports of a Qualcomm takeover approach. Gold hit a fresh record high, and oil prices rose, though questions remain about the sustainability of its recovery. Locally, Australian shares are under pressure ahead of the RBA meeting and inflation data release this week.

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