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US stocks: Data helps extend Wall St rally; Kraft slips late

US consumers spent more in June, though partly because of rising gasoline prices, and contracts to buy used houses rose more than expected and for a fifth-straight month. But income suffered its biggest drop in four-and-a-half years, underscoring fears over growing unemployment. The S&P financial index .GSPF rose 2.1 per cent as the housing data was a positive for the sector, while the D   read more »

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