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Dow Bounces Back Because July Rate Cut Odds Ballooned to 89%

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By CCN Markets: The Dow and broader U.S. stock market advanced on Thursday, as investors found a silver lining in the recent string of downbeat data releases. By this time next week, markets will have a clearer picture of whether the Federal Reserve will indeed lower interest rates at its end-of-July policy meeting. Dow Rises; S&P 500, Nasdaq Follow All of Wall Street’s major indexes reported gains on Thursday. The Dow Jones Industrial Average rose by as much as 142 points before backtracking later. It settled up 101.94 points, or 0.4%, at 26,106.77. The broad S&P 500 Index of large-cap

The post Dow Bounces Back Because July Rate Cut Odds Ballooned to 89% appeared first on CCN Markets

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* First published on ccn.com

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