Social Security is now expected to run out in 2035 instead of 2034., meanwhile, rose for the third consecutive day and added 1.03% and 1.19%, respectively, as traders expect the Federal Reserve to cut rates sooner in the year than previously anticipated. Stocks got a boost in the late afternoon after Hamas said it had accepted an Egyptian-Qatari cease-fire proposal to end the war with Israel.
— CNBC's Pia Singh, Alex Sherman, Lillian Rizzo, Lorie Konish, Gabrielle Fonrouge, Jeff Cox and Reuters contributed to this report.
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