US STOCKS-Wall St inches up in wake of February rally
* Consumer spending falls for second straight month
* Manufacturing data expected from Markit, ISM
* NXP Semi to buy Freescale Semi
* HP to buy Aruba Networks
* Indexes up: Dow 0.22 pct, S&P 0.11 pct, Nasdaq 0.31 pct (Updates to market open)
By Chuck Mikolajczak
NEW YORK, March 2 (Reuters) - U.S. stocks little changed on Monday, on the heels of the S&P 500's best month in more than three years, as data showed consumer spending remained soft in January and ahead of a report on the manufacturing sector.
U.S. consumer spending fell for a second month in January, likely as lower gasoline prices continued to weigh on receipts at service stations, while personal income fell just short of expectations, showing a rise of 0.3 percent.
"Basically mixed, income up and spending down, inflation basically not a problem but up from the last time," said Peter Cardillo, chief market economist at Rockwell Global Capital in New York. Continuación...