HP Inc HPQ.N shares rose 1.4% as the personal computer maker said it planned to cut 6,000 jobs by the end of fiscal 2025. FEDWATCH The benchmark S&P 500 index .SPX closed at its highest level in 2-1/2 months on Tuesday after a sales forecast by Best Buy eased concerns that high inflation would lead to a dismal holiday shopping season. Wall Street's three main indexes are on track for their second straight month of gains, riding on a better-than-feared earnings season and hopes of smaller increments in the Fed's rate hikes.