NEW YORK (AP) — The U.S. stock market is rising again on Tuesday following mixed reports on the economy that kept alive hopes for a coming cut to interest rates.

The S&P 500 added 0.7% after bobbing between modest gains and losses through the morning. The Dow Jones Industrial Average was up 575 points, or 1.2%, as of 2:30 p.m. Eastern time, and the Nasdaq composite was 0.3% higher.

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