S&P 500 rises in broad rally on soft landing bets

On Wall Street, the Dow was more than 370 points higher in late trade, putting 35,000 on its radar. The S & P 500 rallied back above the 4500 level.

US retail sales increased more than expected in August, Reuters reported, as a surge in gasoline prices boosted receipts at service stations, but the trend in underlying spending on goods slowed as Americans grappled with higher inflation and borrowing costs.…

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