Russell, Dow open higher
The Russell 2000 index and the Dow are in positive territory following news that U.S. personal incomes and consumer spending both grew in May, albeit less than expected.
At 10:08 a.m. ET the Russell 2000 had added 5.84 points, or 0.70 percent, to 844.87. Dow Jones Industrial Average was up 90.96 points, or 0.68 percent, to 13,513.24.
Personal income rose at a rate of 0.5% in May, the U.S. Commerce Department said before the opening. Economists were looking for a rise of 0.6%. Personal income fell 0.2% in April.
Consumer spending added 0.5% in May, below the forecast rise of 0.7%.
Investors’ upbeat attitude is probably mostly due to news that the price index for personal consumption expenditures, a key inflation indicator, rose just 0.5% in May. The so-called “core” index, which excludes food and energy, added a miniscule 0.1% in May, and only 1.9% from a year earlier.
That’s the lowest year-over-year reading in more than three years and a sign that core inflation is easing.
The following were the most actively traded companies in Friday’s trading among those with market capitalizations under $500 million.
| Price at | % | ||||||
| 10:05 et | Change | Change | Volume | Year High | Year Low |
