Options/Futures
Futures Dip; Personal Spending Data on Tap
The Associated Press
06/26/09 - 07:01 AM EDT
By Madlen Read
NEW YORK -- Investors are trading warily again as the average consumer moves back into focus.
Stock futures moved lower ahead of data on personal spending and consumer sentiment. The market expects a modest rise in May spending and unchanged sentiment in June.
After Thursday's big market jump, Dow Jones Industrial Average futures were down 18, or 0.2%, at 8,396 in early trading Friday. S&P 500 index futures were down 3.10, or 0.3%, at 913.60, and Nasdaq 100 index futures fell 2, or 0.1%, at 1,471.
The Dow rose nearly 173 points, or 2.1%, on Thursday, the largest gain for the index since June 1.