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US stocks rise after the Fed cuts rates and hopes build for more

NEW YORK (AP) — The U. S. stock market neared its all-time high after the Federal Reserve cut its main interest rate to bolster the job market, and hopes strengthened for more cuts to come in 2026. The S&P 500 climbed 0. 7% and ended just shy of its all-time high set in October. The Dow Jones Industrial Average jumped 1%, and the Nasdaq composite rose 0. 3%. The rate cut was widely expected, but investors said comments from Fed Chair Jerome Powell may have been less harsh about closing off A...

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