Worries about the sovereign debt situation in Europe also returned after Spain reported a 0.3% decline in gross domestic product for the first quarter, a performance that was actually a bit better than expected but still pushed the country closer to recession territory. Futures for the Dow Jones Industrial Average off 24 points, or 32.3 points below fair value, at 13,140. Futures for the S&P 500 were down 3.4 points, or 4.2 points below fair value, at 1395, and futures for the Nasdaq were retracting 10.3 points higher, or 10.6 points below fair value, at 2727.
NEW YORK ( TheStreet) -- Stock futures were slipping Monday after data showed a sequential slowdown in consumer spending last month.
2012 Stock Predictions and Outlook
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