US Stocks Rally to Records on Hopes for Cuts to Interest Rates

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US Stocks Rally to Records on Hopes for Cuts to Interest Rates

This week, something big happened in the markets.
The S&P 500 and Nasdaq both broke into fresh record highs.
Investors were smiling, traders were celebrating, and the news channels were buzzing.

The reason?
Hopes are rising that the Federal Reserve will cut interest rates soon.

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