Dow surges more than 600 points as the stock market gears up for rate cuts
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By Krystal Hur, CNN New York (CNN) — Wall Street is undergoing a palpable vibe shift. Strong corporate earnings have helped stocks notch repeated record highs in 2024, despite stubborn inflation forcing investors to dial down their expectations for how many times the Fed will cut rates this year. But cooling inflation data in recent weeks has led Wall Street to bet that the Federal Reserve will finally cut interest rates in September — and that …
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