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US stock market surges as S&P 500, Nasdaq and Dow jump ahead of critical Fed inflation report Wall Street braces for rate-cut signals

US stock market jumped Friday as investors awaited the Fed-favored PCE inflation report. The S&P 500 rose 0.3%, Nasdaq added 0.4%, and the Dow gained 0.2%. Traders now see an 87% chance of a Fed rate cut next week. Job cuts hit 71,000, but weekly claims fell to a 2022 low. Netflixs $72B Warner Bros deal sent shares swinging. HPE missed sales expectations, dropping 3%. Markets show cautious optimism as investors eye inflation, spending, and jobs ahead of the Feds December decision.