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Post by posting on May 30, 2014 12:33:10 GMT -5
U.S. stocks set for weekly and monthly gains Posted:Fri, 30 May 2014 13:33:00 GMT NEW YORK (MarketWatch) -- The U.S. stock market opened lower on Friday, but the main benchmarks were still on track to record weekly and monthly gains. Advances in May sent the S&P 500 to record levels above 1,900, while both the Nasdaq Composite and Dow Jones Industrial Average turned positive for the year. On Friday, investors appeared subdued after spending data showed consumers cut on purchases and spent less on services in April, while inflation pressures continued to build. Investors await another report on consumer sentiment, due at 9:55 a.m. Eastern. The S&P 500 opened a point lower at 1,918.76. The Dow Jones Industrial Average opened at 16,672.12. The Nasdaq Composite began the day 3 points, or 0.1%, higher at 4,250
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