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US stocks tread water ahead of more earnings, Fed

US stocks tread water ahead of more earnings, FedWall Street was flat but holding near record levels just after the open on Monday as investors awaited a fresh set of corporate earnings during week loaded with economic data. Markets were also absorbing an upbeat report on consumer spending for March, which showed a big jump at the end of the first quarter. The data come as the Federal Reserve is due to begin its latest-two day policy meeting on Tuesday but is overwhelmingly expected to leave interest rates untouched.

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