NEW YORK (AP) — U.S. stocks drifted to more records. The S&P 500 rose 0.3% Tuesday, beating its all-time high set last week. The Dow Jones Industrial Average rose 0.4%, and the Nasdaq composite added 0.4%, also setting all-time highs. UnitedHealth helped lead the market after saying it plans to stick with its 2025 profit forecast. Treasury yields rose in the bond market. The latest discouraging report on the job market further cemented expectations for cuts to interest rates by the Federal Reserve. Traders are expecting the Fed will make its first rate cut of the year at its meeting next week.

THIS IS A BREAKING NEWS UPDATE. AP’s earlier story follows below.

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