Wall Street stocks climb, dollar drops on rate-cut optimism
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NEW YORK (Reuters) - U.S. stocks edged higher and the dollar fell as hopes rose for an imminent interest-rate cut, while oil futures were little changed as supply worries triggered by a tropical storm were offset by signs of a global surplus for several months. Treasury yields rose modestly, largely unmoved by stronger-than-expected producer price data as market expectations of a U.S. interest rate cut in July held firm after two days of testimony from Federal Reserve Chair Jerome Powell.Wall..