World News Wall Street gains as rate cut hopes stay strong Blog

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The Dow Jones led Wall Street’s major indexes higher, supported by strong results from UnitedHealth and unexpectedly robust retail sales, which pointed to a still-robust U.S. economy but did little to dampen speculation about interest rate cuts.

UnitedHealth Group shares rose 4.3 percent following a rise in second-quarter profits, helping the blue-chip Dow Jones index and the S&P 500 healthcare index reach historic highs.

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