Stock market news today: US stocks move higher amid revived hopes for Fed rate cut, GDP data

Stock market news today: US stocks move higher amid revived hopes for Fed rate cut, GDP data

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US stocks moved higher in afternoon trading on Wednesday after a top Federal Reserve official hinted the central bank is done with interest rate hikes, opening the door to a possible rate cut. The Dow Jones Industrial Average (^DJI) served as the biggest gainer of the afternoon, rising about 0.3%,…

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