US stock market surges as S&P 500, Nasdaq and Dow jump ahead of critical Fed inflation report — Wall Street braces for rate-cut signals

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US stock market jumped Friday as investors awaited the Fed-favored PCE inflation report. The S&P 500 rose 0.3%, Nasdaq added 0.4%, and the Dow gained 0.2%. Traders now see an 87% chance of a Fed rate …