BUSINESS

U.S. Indexes hit near two-week high


U.S. indexes closed up on Tuesday and hit a near two-week high after softer producer prices data reinforced bets of an interest-rate cut by the Federal Reserve in September.Major US markets were trading in green. The Dow Jones Industrial Average finished up 1.04 percent, the broad-based S&P 500 gained 1.6 percent, while the tech-rich Nasdaq Composite Index also advanced 2.4 percent.

 

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