U.S. stocks were set for a higher open following a merger announcement between United Airlines and Continental and ahead of a batch of economic reports.
The Personal Income and Outlays report showed consumers helping the recovery gain traction. Personal income improved and spending accelerated. The Institute for supply management’s monthly manufacturing survey will be released at 10:00 am ET. Economists forecast the index rose to 60 in April from 59.6 last month. A reading above 50 indicates growth in the sector. Reports on March construction spending and vehicle sales are also scheduled today. Other reports this week include pending home sales, the ISM non-manufacturing index, productivity and costs, weekly jobless claims, and the employment situation report.
- Harrington Wealth Management
- Our firm provides comprehensive trust and investment management services by employing a customized asset allocation approach. By focusing on the individuality of each client, Harrington Wealth Management Company has helped high net worth individuals, families, and small institutions grow and sustain their wealth through proven investment practices since 1994. A fee-only advisor, we also offer other financial services from our offices in California, Kansas and Indiana that include custody, estates, land trusts, probate administration, guardianships, personal trust administration, retirement plan services, and investment consulting services.
