Stock Market Today: Dow Jones Jumps 450 Points As Rate-Cut Chances Increase; This Health Care Name Tumbles (Live Coverage)

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The S&P 500 rose 1%, and reached an intraday record high as it looks for an all-time high close. The Nasdaq composite gained 1.1%, also after hitting a new intraday high on the stock market today. The Russell 2000 small-caps index fared better than the major indexes with its 2.2% leap.