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Around the World's Markets: New York

Tuesday 25 May 1999 23:02 BST
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STOCKS MOVED higher in late morning trading, buoyed by a report that consumers did not slow their spending in May, with the Dow Jones industrial average bouncing back from Monday's 175-point tumble to climb 82.30 points, or 0.77 per cent, at 10,736.97.

The Conference Board reported that a robust job market and low inflation pushed consumer confidence higher in May for the seventh month running, the longest consecutive rise in the survey's 32-year history.

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