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		</div><p>US stocks rose again today as investors were pleased with a report that showed spending by consumers grew in July along with wages and salaries.</p>
<p>Healthcare and technology companies led the way and the Nasdaq composite closed at a record high.</p>
<p>The Commerce Department said consumer spending grew at its fastest pace in three months.</p>
<p>Companies that sell everything from cosmetics to toys to shoes advanced as investors bet Americans would shop more.</p>
<p>Biotech drug companies, drug distributors, and scientific equipment companies made some of the biggest gains in healthcare.</p>
<p>Technology companies advanced for the fourth day in a row and closed at record highs. Gasoline futures continued to spike as Tropical Storm Harvey left large parts of oil drilling and refining and pipelines out of commission.</p>
<p>The Commerce Department said consumer spending rose 0.3% in July, the best showing in three months, as wages and salaries increased.</p>
<p>Stocks climbed a day ago after the government raised its estimate of second-quarter economic growth. On Friday investors will look at the government&#8217;s monthly jobs report for data on employment as well as wages.</p>
<p><i>&#8220;The economy is gaining traction, and inflation at this stage is still modest,&#8221;</i> said Quincy Krosby, chief market strategist at Prudential Financial.</p>
<p>That has been good for stocks, as low inflation and low interest rates make stocks more appealing and securities like bonds less appealing.</p>
<p>Mr Krosby added that other news, including a manufacturing survey from China, &#8220;helped underpin the notion that it is a global recovery in the economy&#8221;.</p>
<p>The Standard &#038; Poor&#8217;s 500 index climbed 14.06 points, or 0.6%, to 2,471.65, its highest close in three weeks. That allowed the index to finish August with a tiny gain.</p>
<p>The Dow Jones industrial average added 55.67 points, or 0.3%, to 21,948.10.</p>
<p>The Nasdaq composite gained 60.35 points, or 1%, to 6,428.66, above the record high it set in late July. The Russell 2000 index of smaller-company stocks picked up 13.95 points, or 1%, to 1,405.28.</p>
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