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By STAN CHOE, Associated Press Business Writer

NEW YORK (AP) — Most U.S. stocks are rising Tuesday following updates on the economy that kept alive hopes for a coming cut to interest rates.

The S&P 500 rose 0.3%, as five out of every six stocks within the index climbed. The Dow Jones Industrial Average was up 386 points, or 0.8%, as of 10:45 a.m. Eastern time, and the Nasdaq composite was 0.2% lower.

The relatively modest moves for indexes masked some swings underneath the surface, particularly among stocks linked to the artificial-intelligence industry.

Alphabet rose another 1.5%, continuing a strong run on excitement about its recently released Gemini AI model . Chinese giant Alibaba, meanwhile, saw its stock that trades in the

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