Stock market today: Dow, S&P 500, Nasdaq rise as Fed rate cut bets surge after inflation data

In this article: US stocks climbed on Wednesday amid increasing expectations that the Federal Reserve will cut interest rates at its next meeting, following the latest inflation data. The Dow Jones Industrial Average (^DJI) rose nearly 0.5%, while the benchmark S&P 500 (^GSPC) gained 0.4%. The…