Bloomberg News

U.S. Stock Futures Maintain Gains after Consumer Spending Stalls

June 27, 2011

June 27 (Bloomberg) -- U.S. stock index futures maintained gains, indicating the Standard & Poor’s 500 Index may end its three-day losing streak, after consumer spending unexpectedly stagnated in May.

S&P 500 futures expiring in September climbed 0.2 percent to 1,265.90 at 8:31 a.m. in New York.

Purchases were little changed, the weakest outcome since June 2010, after a revised 0.3 percent gain the prior month that was smaller than previously estimated, U.S. Commerce Department figures showed today. The median of economists surveyed by Bloomberg News called for a 0.1 percent gain. Prices excluding food and energy rose more than forecast.

To contact the editor responsible for this story: Nick Baker at nbaker7@bloomberg.net


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