US stocks were little changed on Tuesday. Both the S&P 500 and the Dow Jones Industrial Average eked out gains to hit new highs, rising 0.04 percent and 0.1 percent respectively. However, the Russell 2000 fell 1.1 percent.
A report on Tuesday showed that US consumer spending cooled in April after a surge in the previous month. Retail sales rose 0.1 percent last month after jumping 1.5 percent in March.
Also showing some cooling is the Chinese economy. A report on Tuesday showed that industrial production rose 8.7 percent in April from the previous year, down from 8.8 percent in March. Retail sales rose 11.9 percent, down from 12.2 percent. Fixed-asset investment rose by 17.3 percent year-on-year in the first four months of 2014, down from a 17.6 percent increase in the first three months.
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