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Wall Street still expects the Federal Reserve to cut interest rates next month.
Wall Street still expects the Federal Reserve to cut interest rates next month.
The Dow Jones Industrial Average climbed 0.8%, and the Nasdaq composite added 1%.
Japan's benchmark Nikkei 225 index has soared more than 10% a day after it set markets tumbling in Europe and on Wall Street, while other world markets appeared to have settled after the rollercoaster ride that started the week.
Southwest made the announcement on the same day that both it and American Airlines reported a steep drop in second-quarter profit.
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