Stocks Close Mixed, US Consumer Spending Slows, Wind River Rockets

• May 30, 2008
• David Goodboy

US Stock Indexes closed mixed today on a report of slowing consumer spending and a decrease in consumer sentiment to 1980 levels. The DJIA closed down -7.90 to 12638.32, the S&P 500 rose +2.12 to 1400.38 and the Nasdaq added +14.34 to 2522.66.

Wind River Systems
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Overstock.com
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J. Crew
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Harris Corp
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Gold climbed $9.80 to $891.50/oz, Oil added $1.08 to $127.70 and the VIX dropped .30 to 17.85.

Market Snapshot

Dow -7.90 12638.32 NASDAQ +14.34 2522.66 S&P 500 + 2.12 1400.38

Economic News

Durable Orders (Apr): Actual -0.5%, Consensus -1.5% Chain Deflator-Prel. (Q1): Consensus 2.6%, Prior 2.4% GDP-Prel (Q1): Consensus 0.9%, Prior 0.6% Initial Claims (05/24): Consensus 370K, Prior 365K Crude Inventories (05/24): Consensus NA, Prior -5317K Personal Income (Apr): Consensus 0.2%, Prior 0.3% Personal Spending (Apr): Consensus 0.2%, Prior 0.4% PCE Core Inflation (Apr): Consensus 0.1%, Prior 0.2% Chicago PMI (May): Consensus 48.5%, Prior 48.3% Mich Sentiment-Rev (May): Consensus 59.5, Prior 59.5%