WKYT | Lexington, Kentucky | News

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 6.9 percent jump in the savings rate, the highest level since December 1993. That surge suggests Americans are still hesitant to spend. Later, the University of Michigan will report on consumer sentiment.

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