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US stocks opened slightly higher on Monday as data showed consumer spending in June recorded its smallest gain in four months, bolstering expectations the U.S. Federal Reserve may hold back on a rate increase.
The Dow Jones industrial average rose 9.15 points, or 0.05 percent, to 17,699.01, the S&P 500 gained 1.39 points, or 0.07 percent, to 2,105.23 and the Nasdaq composite added 9.11 points, or 0.18 percent, to 5,137.39.
