NEW YORK — The U.S. stock market climbed again Tuesday on hopes for a coming cut to interest rates.

The S&P 500 rose 0.9 percent after breaking out of a morning lull and is back within 1.8 percent of its all-time high. The Dow Jones Industrial Average rallied 664 points, or 1.4 percent, and the Nasdaq composite gained 0.7 percent.

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Stocks got a boost from easing yields in the bond market. Lower interest rates can cover up many sins in financial markets, including prices going too high, and hopes are strong that the Federal Reserve will cut its main interest rate at its next meeting to juice the economy further.

A raft of mixed economic data on Tuesday left traders betting on a nearly 83 percent probability that the Fed will cut in December, according to data from

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