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Wall Street rises in thin post-holiday session as Fed cut odds strengthen
US markets gained modestly as traders priced higher Fed cut odds, with tech leading and liquidity thin post-holiday.
US equities climbed in a low-volume session with the Dow advancing 0.61%, S&P 500 up 0.54%, and the Nasdaq gaining as investors priced in higher odds of a December Federal Reserve rate cut. Rate cut probability above 80%, supported by easing inflation and soft labour market indicators. Tech shares led the rebound, while traders monitored CME’s partial recovery from a recent data centre outage.