US stocks hover near record-high as traders split over Fed rate cut
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US stocks are near record highs as traders await the Federal Reserve's decision on interest rates; the S&P 500 closed near 5,635; retail sales increased; market-implied odds for a 50-basis-point cut are around 55%; investor reactions vary on potential cuts; a survey shows mixed expectations on market reactions; Treasury yields rose to 3.64%; historical performance indicates a drop of 0.56% in the week following a first rate cut; analysts suggest a 25 or 50 basis-point cut could impact market sentiment; comments from Fed Chair Jerome Powell are highly anticipated.

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