Personal Income and Spending Rise Handily

Bloomberg had estimates calling for a gain of 0.2% on personal income and a gain of 0.3% on consumer spending. Dow Jones also had the consensus estimates as 0.2% for income and 0.3% in spending.

February was a month that was still dragged down by weather, or at least that is how the logic has been for the past six weeks or so. These numbers were also very close to the consensus estimates. That being said, it is hard to expect this reading from the Commerce Department to create many waves on Friday.

S&P 500 futures are up more than five points and the DJIA futures are up about 35 points after the news.