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SNAPSHOT S&P 500, Nasdaq edge higher on solid consumer spending data, easing prices

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2022-12-01T14:40:14Z

Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., November 29, 2022. REUTERS/Brendan McDermid

The S&P 500 and Nasdaq opened higher on Thursday after data showed a mild easing in inflation and solid consumer spending in October, adding to hopes of a likely downshift in the Federal Reserve’s aggressive rate hike policy.

The Dow Jones Industrial Average (.DJI) fell 56.2 points, or 0.16%, at the open to 34533.59. The S&P 500 (.SPX) rose 7.0 points, or 0.17%, at the open to 4087.14​, while the Nasdaq Composite (.IXIC) rose 7.2 points, or 0.06%, to 11475.172 at the opening bell.


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