The EconomyThe Department of Commerce said construction spending jumped 2.7% in April, far exceeding economists' expectations for a 0.2% uptick. In March, spending grew by an upwardly-revised 0.4%, compared with an initially reported increase of 0.2%.
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Commodities and the DollarCrude oil for July delivery lost $1.39 to settle at $72.58 a barrel. Elsewhere in commodity markets, the August