US STOCKS-Wall St set to open higher after consumer spending data

lunes 28 de marzo de 2016 09:04 GYT
 

* U.S. consumer spending up 0.1 pct in Feb

* GameStop down after disappointing revenue forecast

* Futures up: Dow 32 pts, S&P 4.5 pts, Nasdaq 13.25 pts (Adds details, comment, updates prices)

By Abhiram Nandakumar

March 28 (Reuters) - U.S. stock indexes were set to open slightly higher on Monday after data showed consumers spent more in February, the latest sign that an economic recovery was gathering steam.

A stream of recent encouraging data, including Friday's fourth-quarter U.S. GDP numbers, could embolden the Federal Reserve to raise interest rates sooner than expected this year even as central banks around the world consider more stimulus measures.

Wall Street snapped a five-week winning streak on Thursday as a strengthening dollar weighed on commodity-related shares.

The S&P 500 and the Dow are back in the red for 2016, after staging a sharp recovery from a steep selloff at the beginning of the year.

"The market is showing a little fatigue ... and the question is what's the next theme that's going to push markets higher," said Andre Bakhos, managing director at Janlyn Capital in Bernardsville, New Jersey.   Continuación...