NEW YORK — 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 was virtually unchanged in midday trading, as four out of every five stocks within the index climbed. The Dow Jones Industrial Average was up 293 points, or 0.6%, as of 11:15 a.m. Eastern time, and the Nasdaq composite was 0.5% 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 0.7%, continuing a strong run on excitement about its recently released Gemini AI model. Chinese giant Alibaba, meanwhile, saw its stock that trades in the United States fall 2.3% after losing an early gain. It reported stronger reve

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