The Dow is up 400 points. There’s a lot riding on next week’s Fed meeting.

The Dow climbed as Friday the 13th continued to serve as a lucky day for the stock market.

The Dow rose 430 points, or 1 percent, in recent trading. The S&P 500 rose 0.7%. The Nasdaq Composite rose 0.7%.

The biggest debates facing the stock market are how much the Federal Reserve should cut interest rates by next week and, as a result, how well the economy is holding up. This week we got some inflation reports that left the door open for a half-point cut, but other economic data was a little more upbeat.

This has given the stock market room to recover in recent trades. The Dow fell just 0.1 percent in September, a stunning reversal from last Friday, when it fell 2.9 percent.

The odds of a half-point cut rose to 43% from 28% yesterday, according to CME’s FedWatch tool, as traders rekindled the rate cut debate. Odds of a quarter-point off and a half-point off were close to break-even at one point this morning.