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Market Preview: Bulls on Break

Capital Economics is line with the consensus on both income and spending but notes that a spending bump of just 0.1% is nothing to get too excited about.

"Although real consumption rose at a half-decent annualized rate in the fourth quarter of 2.0%, spending growth appears to have lost a fair amount of momentum right at the end of the year," the firm said. "This does not bode well for the first quarter of this year."

And lastly, M&A will be featured prominently in Monday's corporate headlines following a report from The Wall Street Journal on Friday that Delta Airlines (DAL - Get Report) is mulling a bid for US Airways (LCC) or possibly even AMR Corp., the parent company of American Airlines.

PharMerica (PMC - Get Report) and OmniCare (OCR - Get Report) will also be active after the Federal Trade Commission moved to block OmniCare's hostile bid for PharMerica, saying it would be bad for consumers.

-- Written by Michael Baron in New York.



>To contact the writer of this article, click here: Michael Baron.

Disclosure: TheStreet's editorial policy prohibits staff editors, reporters and analysts from holding positions in any individual stocks.
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SYM TRADE IT LAST %CHG
LCC $0.00 0.00%
AAPL $127.16 -1.20%
DAL $44.16 -2.50%
MCD $95.85 -0.29%
OCR $89.15 -0.78%

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DOW 18,047.58 -22.82 -0.13%
S&P 500 2,106.30 -8.19 -0.39%
NASDAQ 4,969.7320 -47.1970 -0.94%

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