Stocks rose during morning trading Tuesday, with techs leading the advance as investors assessed fresh retail sales data in the wait for a Federal Reserve meeting pivotal to an interest-rate cut. The Dow Jones Industrial Average moved up roughly 0.4%, coming off a record-high close for the blue-chip index. The S&P 500 added about 0.5%, nearing its own all-time high, while the tech-heavy Nasdaq Composite put on 0.8%. Stocks are setting up for gains as the odds of a 0.
Read more: Fed predictions for 2024: What experts say about the possibility of a rate cut Investors were weighing data that showed retail sales surpassed Wall Street's estimates in August, with the focus on signs of a slowdown in consumer spending. The reading is the last piece of data that could factor into the Fed's thinking on opting for a substantial rate cut rather than a quarter-point move.
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