Taking a look at futures trading this morning indicates that the market is going to get off to a tough start for the trading day of February.
Investors continue to express concern that the stimulus package that was recently passed in the House is not going to get passed when the Senate gets its chance to vote on the new plan. There is still a good deal of concern over what the new package is going to do to address the ailing bank industry.
Consumer spending fell again in December, as the Commerce Department announces that personal spending in December fell by another 1%, as incomes dropped by 0.2% in the month as layoffs continue to mount. Analysts had been expecting to see consumer spending off by 0.9% in the month.
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