Futures rise ahead of consumer spending report

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Associated Press

Posted on April 29, 2013 at 5:00 AM

Updated Monday, Apr 29 at 6:04 AM

NEW YORK (AP) — Stock futures are rebounding after last week's lackluster economic growth numbers sent investors scrambling for the door.

Dow Jones industrial futures are up 41 points to 14,690. The broader S&P futures have added 4.5 points to 1,581. Nasdaq futures are up 10 points to 2,840.50.

The earnings season continues, though Monday is light on reports, with Chrysler posting before the stock market opens and Express Scripts reporting after the closing bell.

Markets are awaiting the personal income and spending report, which is due from the Commerce Department at 8:30 a.m. Eastern.

Economists surveyed by FactSet expect that spending was unchanged in March from February, after rising 0.7 percent in February. Incomes are expected to have increased 0.4 percent.

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