Stocks fluctuated Friday after a sharp dive in the previous session, with investors anxious about a new oil price record but relieved about increases in personal incomes and spending.
The Commerce Department said spending rose 0.8 percent in May, as taxpayers started receiving their stimulus checks. The increase was higher than the 0.7 percent economists predicted. The report also said personal incomes surged 1.9 percent _ significantly more than anticipated. After taxes, incomes surged 5.7 percent, the largest amount in 33 years.
The data appeared to provide a bit of solace to investors nervous about consumers struggling with rising prices, falling home values …
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