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The main indexes closed out the day and week notably higher as excitement swirls ahead of next week's rate cut.

Indexes rose Thursday as investors took in new inflation data, with the producer price index rising 0.2% on a monthly basis.

U.S. stocks are dropping Wednesday as traders scale back expectations for how much relief the Federal Reserve will deliver next week when it begins cutting interest rates.

September is traditionally the worst month of the year for the stock market, and the latest ISM data has revived concerns about economic growth. The jobs report on Friday will be the next big test.