Bullish sentiment following Friday's easing of monetary policy carried over into yesteday's session, and prices advanced 3/8 point on average in moderate preholiday trading.

The market opened with a firm tone, and traders reported light activity during the morning session with prices up about 1/4 point. Prices got an extra boost from personal income data, which fell 0.1% in November -- the first decrease since July -- while spending surged 0.7%.

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