1. The stock market closed higher today, with the S&P 500 reaching a new record high and the Dow Jones Industrial Average also posting gains. The Nasdaq Composite also saw an increase, driven by strong performances from tech stocks like Apple and Microsoft.
2. In economic news, the latest report showed that consumer spending rose by 0.6% in August, exceeding expectations. This increase was fueled by higher demand for goods and services, signaling a rebound in the economy as more people return to work and resume normal spending habits.
3. On the international front, tensions between the US and China continue to escalate, with new tariffs being imposed on both sides. These trade tensions have raised concerns among investors about the impact on global economic growth and the possibility of a prolonged trade war between the two countries.

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