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On Thursday, in the course of current trade, Shares of Visa Inc. (NYSE:V), gained 1.31%, and is now trading at $66.53. Today, Visa declared that Americans modestly raised their spending in April, with growth across most major purchase categories,
according to Visa’s Retail Spending Monitor (RSM), a quarterly report that tracks retail spending patterns based on real-time purchase data. Retail spending in April was up 4.5 percent from the preceding year, not taking into account automobile and gasoline purchases. Amid a strengthening housing market and renewed confidence in the economy, Americans continue to open their wallets for restaurant meals, hotel stays, household goods like appliances and furniture, and other more day-to-day needs. Eleven of the fourteen major spending categories that Visa tracks showed growth from the preceding year.