US stocks rise, but Nvidia’s drop keeps the market in check | Business

NEW YORK (AP) — 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 0.7% in afternoon trading, as 4 out of every 5 stocks within the index climbed. The Dow Jones Industrial Average was up 540 points, or 1.2%, as of 12:56 p.m. Eastern time, and the Nasdaq composite was 0.4% higher.

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