Wall Street ends higher on rate cuts, S&P 500, Nasdaq miss record highs



Wall Street ended higher on Thursday, bringing the S&P 500 and Nasdaq closer to record closing levels as the Israel-Iran ceasefire held steady and a series of economic data reinforced expectations of potential interest rate cuts by the U.S. Federal Reserve this year.

All three major U.S. stock indexes posted gains in a broad-based rally, positioning them for a positive finish to the week.

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