Global stocks crept higher on Tuesday and the dollar lingered near a five-month low as investors held fast to bets that cooling U.S. inflation will lead the Federal Reserve to cut interest rates next year. Oil prices jumped over 2% to the highest in almost a month, supported by Middle East strife and investor hopes that possible rate cuts will boost global economic growth and fuel demand. On Wall Street, the Dow Jones Industrial Average rose 0.27%, the S&P 500 gained 0.31%, and the Nasdaq Composite added 0.43%.
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