Stocks climb as soft data fuels rate cut hopes

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Stocks climb as soft data fuels rate cut hopes
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Wall Street climbed on Thursday after data showing services-sector activity at a...

Traders work on the floor at the New York Stock Exchange in New York, U.S., October 2, 2019. REUTERS/Brendan McDermid

NEW YORK - Wall Street climbed on Thursday after data showing services-sector activity at a three-year low fueled expectations the Federal Reserve would cut interest rates in an effort to thwart a wider economic downturn.

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