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The Dow Rose 116 Points Because a Rate Cut Looks More Likely After Weak Retail Sales

Evie Liu

Speculation that weak April retail sales would nudge the Fed to cut sparked a rally. The Dow Jones Industrial Average gained 0.45% to close at 25,648.02. The S&P 500 rose 0.58% to end at 2850.96, and the Nasdaq Composite added 1.13% to close at 7822.15.