NEW YORK (AP) — The U.S. stock market is rising near its record levels on Wednesday as mixed data on the economy keeps alive hopes that a cut to interest rates is coming soon.

The S&P 500 climbed 0.4% and pulled within 0.5% of its all-time high set in late October. The Dow Jones Industrial Average was up 450 points, or 0.9%, with an hour remaining in trading, and the Nasdaq composite was 0.3% higher.

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