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DBI Today: 48.1 (+0.5)

The index inched higher for a second day, but it's once again equity markets doing the heavy lifting. Underneath, the picture barely changed — jobless claims rose, US shoppers eased off the gas, and oil only nudged down from last week's highs. In plain English, share prices are telling a more cheerful story than the real economy can quite back up. The index is creeping in the right direction, but it's leaning on one pillar to do it.

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