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US stock futures edged higher as investors weighed strong service sector data against fresh inflation concerns.
Contracts for the S&P 500 and Nasdaq rose between 0.2% and 0.6% following reports that indicate expanding activity and rising costs in the private sector.
The Institute for Supply Management reported that the Services PMI came in at 54.9 for September, a figure that signals expanding activity.
This reading suggests that demand for travel, healthcare, and business services remains solid.
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