Articles > Reference > News Wires, White Papers, and Books > Xinhua News Agency news wires > April-June 2006 > Friday, May 26

Article: U.S. stocks rise on robust consumer spending

Article from:
Xinhua News Agency
Article date:
May 26, 2006
Copyright

U.S. stocks rise on robust consumer spendingNEW YORK, May 26 (Xinhua) -- U.S. stocks ended higher Friday after a report that U.S. consumer spending have jumped 0.6 percent in April, the fastest in three months.

At the closing bell, the Dow Jones Industrial Average jumped 67.56, or 0.6 percent, to 11,278.61. The Standard & Poor's 500 index rose 7.28, or 0.57 percent, to 1,280.16. The Nasdaq composite index added 12.13, or 0.55 percent, to 2,210.37. The Commerce Department reported on Friday that consumer spending grew in April at the fastest pace in three months, supported by solid income growth. Consumer spending jumped 0.6 percent last month, the best showing since a 0.8 percent ...

Read all of this article with a FREE trial

Related newspaper, magazine, and journal articles:

Article: Stocks Rise on Consumer Spending News
AP Online;  June 27, 2003 ;     671 words ... ... he said. The Commerce Department reported Friday that consumer spending edged up by 0.1 percent in May for the second month in ... compared to a 0.2 percent gain in April. The increase in consumer spending in May fell short of analysts' expectations of a 0.2 ...

Article: Stocks Rise on Consumer Spending ...
AP Online;  June 29, 2007 ;     635 words ... ... consumers boosted spending in May as their incomes grew solidly. The Commerce Department reported before the opening bell that consumer spending rose by 0.5 percent for the second month in a row. Incomes, which fuel future spending, rebounded in May by 0.4 ...

Article: Stocks Rise on Consumer Spending
AP Online;  June 29, 2007 ;     700+ words ... ... government and commercial projects that offset the nation's weak residential market. The government also reported that consumer spending rose for the second month in a row and indicated that many in the U.S. were able to shrug off higher gasoline prices ...

Article: Stocks rise on upbeat consumer ...
AP Worldstream;  April 28, 2003 ;     480 words ...00-00-0000 Dateline: NEW YORK Encouraging news about consumer spending and incomes prompted investors to resume buying stocks Monday, giving the market a moderate boost after two straight days of declines ...

Article: Stocks Rise on Strong Consumer ...
AP Online;  March 1, 2006 ;     558 words ... ... 2006 Dateline: NEW YORK Stocks rose in early trading Wednesday after the Commerce Department reported a sharp increase in consumer spending last month. The jump in stock prices follows a a selloff Tuesday that sent the Dow Jones industrial average down more ...

Article: U.S. stocks rise on strong consumer ...
AP Worldstream;  March 1, 2006 ;     397 words ... ... AP Business Writer AP Worldstream 03-01-2006 Dateline: NEW YORK Stocks rebounded Wednesday as reports of a surge in consumer spending and improving health in the manufacturing sector restored investors' confidence in the economy. Stocks regained some ...

Article: U.S. stocks rise on strong consumer ...
AP Worldstream;  March 1, 2006 ;     481 words ... ... 2006 Dateline: NEW YORK Stocks rose in early trading Wednesday after the Commerce Department reported a sharp increase in consumer spending last month. The jump in stock prices follows a a selloff Tuesday that sent the Dow Jones industrial average down more ...

Article: Stocks Rise on Upbeat Consumer ...
AP Online;  April 28, 2003 ;     586 words ...00-00-0000 Dateline: NEW YORK Encouraging news about consumers' spending and incomes put Wall Street back on an upward track Monday after two days of declines. Stronger- than-expected earnings from McDonald's helped fuel the gains and lift the Dow Jones industrials more than 140 points. We have had

 
 
Newsweek Harper's Magazine The Washington Post Chicago Tribune Crain's Chicago Business PRNewswire Pediatric News The Nation Advertising Age The Economist (US) A FREE trial gives you access to over 80 million articles! Access over 6,500 publications with a FREE trial!

Find articles, research, and archives