NEW YORK (AP) — The stock market appears headed for a slightly higher opening ahead of a new report on Americans' income.
The Commerce Department plans to report on personal income and spending for April. Economists expect that both increased by around half of 1 percent. A cut from the amount withdrawn from paychecks for Social Security has given incomes a boost this year. But that extra take-home pay has been pinched by higher gas prices.
Strong earnings and a plea to push Microsoft's CEO aside helped push stocks higher Thursday. Reports that pointed to a weaker economic recovery sent government bond yields to their lowest levels this year.
Ahead of the bell on Friday, Dow Jones industrial average futures are up 3 points at 12,412. S&P 500 futures are up 1 point at 1,327. Nasdaq 100 futures are up 1 at 2,326.