Consumer spending rose just 0.1% in March, adding to the gloom.
Personal income and spending data disappointed
A dismal end to a dismal week looks in store as US stocks add to yesterday’s heavy losses.
Personal income and outgoing data that missed expectations added to the gloom, with consumer spending rising a mere 0.1% in March.
The S&P 500 was nursing a 10-point fall at 2,066 while the mid-cap mini-me version, the S&P 400, was down six points at 1,463. The small-cap Russell 2,000 was also down six points, at 1,135.
On the Nasdaq exchange Pinnacle Entertainmnent, Inc (NASDAQ:PNK) plunged 71% to $11.24 as Gaming and Leisure Properties, Inc (NASDAQ:GLPI) completed its acquisition of the entertainment company’s property assets.
Also in the cellar was Park-Ohio Holdings Corp (NASDAQ:PKOH) after its first quarter results.
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SOURCE: Proactive Investors
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