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Multiple factors held down consumer spending for the holidays
U.S. spending on electronics and other goods in the two months prior to Christmas was up only 0.7% from last year, the worst year-to-year performance since the financial crisis of 2008, the MasterCard Advisors SpendingPulse report said. Bad weather, economic uncertainty and the school shooting in Connecticut were among the factors depressing holiday gift buying this year, according to retail analysts.

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