Stock market today: Dow ends at a record high as markets see rising odds of another big rate cut
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- US stocks rose Monday, with the Dow closing at a record high amid hopes for more rate cuts.
- Odds of a 50 basis point rate cut at the next FOMC meeting increased to 53%, up from 29% last week.
- Comments from Fed officials helped fuel expectations for further easing from the central bank.
US stocks gained on Monday with the Dow Jones Industrial and S&P 500 closing at record highs as hopes of more Fed interest rate cuts ramped up.
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