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By Richard Leong NEW YORK (Reuters) - U.S. government bond prices fell on Tuesday on upbeat consumer spending data that support the view of a possible U.S. rate increase, while the dollar edged up near a two-month peak against a basket of currencies. U.S. stocks were flat to lower, shaving their monthly gains in May. Oil futures rose on expected gasoline demand for summer driving, while gold rebounded from 3-1/2 month low on the stronger dollar and bets on a looming U.S. rate hike. ...
NEW YORK (AP) — Presumptive Republican presidential nominee Donald Trump provided details Tuesday of the charities that received millions of dollars from a veterans' fundraiser he held earlier this year following sustained pressure from media outlets trying to account for the promised funds.
Stronger-than-expected April consumer spending data on Tuesday bolstered Federal Reserve Chair Janet Yellen's stance on Friday that a rate hike in the coming months would likely be appropriate given an improvement in the economy. "I think this is a classic wait-and-see the data kind of week," said Philip Blancato, chief executive officer of Ladenburg Thalmann in New York. At 11:35 a.m. ET (1535 GMT) the Dow Jones industrial average was down 69.73 points, or 0.39 percent, at 17,803.49, .