Stocks are higher ahead of the long Labor Day weekend, as the market has rebounded after turning negative earlier on Friday. The Dow is up 12 points, the S&P 500 is up 5 points, and the Nasdaq is up 21 points. The latest personal income and outlays report from the BEA was released Friday morning, which showed that personal spending fell unexpectedly in July. Personal spending fell 0.1% in July, which compares to expectations for spending to rise 0.2%. The income and outlays report also contained the latest read on personal consumption expenditures, or PCE, the Fed’s preferred measure …read more
Source: Business Insider
