The Dow Jones Industrial Average climbed to a new intraday record Wednesday, continuing a remarkable rally fueled by easing inflation concerns and falling crude oil prices. Investors remain focused on economic indicators as markets look for signs the momentum can continue.

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Major changes to the federal student loan system are now in effect, requiring millions of borrowers to transition from the Biden-era SAVE repayment plan while imposing new borrowing limits for graduate students and Parent PLUS loans. Financial aid experts warn the changes could increase the risk of loan defaults.

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On July 1, 1991, President George H.W. Bush nominated Clarence Thomas to replace retiring Justice Thurgood Marshall. His contentious confirmation hearings, including Anita Hill's testimony, became one of the defining moments in modern Supreme Court history, and his judicial legacy continues to shape major constitutional debates.

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