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US stock futures rise ahead of data focused on consumers and businesses
NEW YORK (AP) ' Stock futures are rising ahead of economic data focusing on consumers and businesses.
Dow Jones industrial average futures are up 57 points to 12,712. Standard & Poor's 500 futures are up 7.9 points to 1,342. Nasdaq composite futures are up 19.25 points to 2,604.25.
The Commerce Department is expected to report Tuesday that consumer spending growth slowed to 0.2 percent in April after a very strong start to the year.
And economists expect the Labor Department will report that spending cooled even though prices likely increased only modestly last month. Consensus estimates are for a consumer price index increase of only 0.1 percent in April.
The government also releases business inventory data from March. Predictions are that companies likely restocked at a slower pace.