US markets today: Wall Street climbs on global rally and Fed...

US markets today: Wall Street climbs on global rally and Fed rate-cut hopes, Asia and Europe join upswing

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US stocks surged on Wednesday, fueled by a global equity rally and growing anticipation of a Federal Reserve interest rate cut in September. The S&P 500 reached a new all-time high, while the Dow and Nasdaq also climbed. Easing Treasury yields further supported the market's advance as investors bet on lower borrowing costs.

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