Wall St advances on bigger Fed rate-cut bets

The Dow rose 297.01 points, or 0.72%, to 41,393.78, the S&P 500 gained 30.26 points, or 0.54%, to 5,626.02 and the Nasdaq gained 114.30 points, or 0.65%, to 17,683.98.

NEW YORK: Wall Street's main indices closed higher on Friday as investors honed in on the chance of a bigger interest rate cut by the Federal Reserve next week, with rate-sensitive small cap stocks outperforming.

Bets on the size of the Fed's cut have been volatile and were roughly even by late Friday.