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Equities Sector Coverage: Wall Street Inches Higher as QE3 May Be Coming

Germany’s Constitutional Court ruled that Germany can ratify the new European Stability Mechanism (ESM). The court rejected the challenge to the ESM but attached conditions to Germany’s
Personal Income came in at +0.4% in March with Spending up 0.3%. The Chicago PMI came in at 56.2 in April, below expectations, and the lowest reading since November 2009. The Dow Jones Industrial