Excerpt from: Spread Betting North American Financial Markets
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| March 27, 2008 | | Spread bets and CFDs on US stocks | Spread betting and contracts for differences on the US stock market should consider the effects of personal spending. The economic data shows that personal spending beat forecasts, and this was interepreted by the stock market as good news. Bloomberg reports on some of the US stocks advancing today:
Coca-Cola Co., the world's largest soft-drink maker, and
General Motors Corp., the biggest automaker, climbed after the
Commerce Department said consumer spending, which accounts for
more than two-thirds of the economy, rose at a 2.3 percent
annual rate in the fourth quarter. Wal-Mart Stores Inc. and
American Express Co. also advanced. | | |
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