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WRAPUP 1-U.S. business spending on equipment gaining momentum

WASHINGTON (Reuters) – New orders for key U.S.-made capital goods increased more than expected in April and shipments rebounded, suggesting that business spending on equipment was picking up after slowing down at the end of the first quarter.

FILE PHOTO: Durable goods are seen on sale in a store in Los Angeles, California, U.S., March 24, 2017. REUTERS/Lucy NicholsonBusiness News

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