The stock market climbed to its highest level since early April, extending a rebound that’s been fueled by speculation the Federal Reserve will be able to cut interest rates this year. Equities rose as higher-than-estimated jobless claims reinforced bets on US policy easing — with the market extending gains after a $25 billion sale of 30-year bonds saw good demand. The S&P 500 topped 5,200, though trading volume was well below the average of the past 30 days.
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