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Dow, S&P edge up as data, debt ceiling curb gains
The S&P 500 and Dow Jones closed up on Monday following weak manufacturing data, which raised concerns about the economic slowdown, which could help with declining inflation amid debt ceiling negotiations between the White House and Republicans. The Nasdaq was lifted by a rise in Meta shares. Investors will also focus on retail sales, weekly jobless claims and housing data on a lighter economic week. Oneok Inc's agreement to buy U.S. pipeline operator Magellan Midstream Partners in an $18.8bn deal caused Oneok's shares to slump by 9.06%, while shares of Magellan rose 12.99%.