Sunday, 4 March 2012

Stock futures fluctuate as personal spending rises

An increase in personal spending is doing little to reassure the market.

Stock futures are fluctuating after the Commerce Department reported a 0.3 percent rise in May spending, as expected. Personal incomes also rose.

What could be worrisome for investors was a jump in the savings rate to 6.9 percent, the highest level since December 1993. That …

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