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


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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