NEW YORK (AP) — U.S. stocks rose to more records on Tuesday after the latest update on the job market bolstered Wall Street’s hopes for a slowdown that’s deep enough to get the Federal Reserve to cut interest rates , but not so overwhelming that it causes a recession.

The S&P 500 rose 0.3% and squeaked past its all-time high set last week . The Dow Jones Industrial Average climbed 196 points, or 0.4%, while the Nasdaq composite gained 0.4%. They likewise set records.

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