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Wall Street posts modest gains as sentiment strengthens ahead of Fed meeting
US markets advanced modestly as stronger consumer sentiment and rising expectations of a December Fed rate cut lifted confidence ahead of the central bank decision.
Trading momentum improved on December 5 as Wall Street closed with slight gains, supported by a 104-point rise in the Dow and firmer consumer sentiment data showing an uptick to 53.3. Market participants also noted that rate cut probabilities climbed to 87% for the upcoming Federal Reserve meeting, reinforcing expectations of supportive monetary policy.