New York — Most U.S. stocks are rising Tuesday following updates on the economy that kept alive hopes for a coming cut to interest rates and some mixed profit reports from big companies.

The S&P 500 edged up a mere 0.1% in early trading, even though four out of every five stocks within the index were climbing. The Dow Jones Industrial Average was up 288 points, or 0.6%, as of 9:35 a.m. Eastern time, and the Nasdaq composite was 0.3% lower.

The relatively modest moves masked some swings underneath the surface, particularly among stocks linked to the artificial-intelligence industry.

Alphabet rose another 1.6%, continuing a strong run on excitement about its recently released Gemini AI model. Alibaba, meanwhile, saw its stock that trades in the United States bounce between gains and los

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