Consumer spending increased slightly less than expected in August, suggesting some moderation in economic growth in the third quarter.
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Nasdaq, S&P gain on megacap boost in lead up to inflation report
The S&P 500 and the Nasdaq rose on Tuesday as most megacap stocks gained, with focus now moving to key inflation data later this week.
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US consumer prices accelerate; seen delaying Fed rate cut
U.S. consumer prices increased more than expected in March as Americans paid more for gasoline and rental housing.
Read More US consumer prices accelerate; seen delaying Fed rate cut