Futures Dip; Personal Spending Data on Tap

By Madlen Read

NEW YORK -- Investors are trading warily again as the average consumer moves back into focus.

Stock futures moved lower ahead of data on personal spending and consumer sentiment. The market expects a modest rise in May spending and unchanged sentiment in June.

After Thursday's big market jump, Dow Jones Industrial Average futures were down 18, or 0.2%, at 8,396 in early trading Friday. S&P 500 index futures were down 3.10, or 0.3%, at 913.60, and Nasdaq 100 index futures fell 2, or 0.1%, at 1,471.

The Dow rose nearly 173 points, or 2.1%, on Thursday, the largest gain for the index since June 1.