Stock futures mixed ahead of income report

May 27, 2011 - 8:28 AM
Wall Street

In this May 26, 2011 photo, traders Kevin Lodewick, left, and Jonathan Corpina, work on the floor of the New York Stock Exchange. Stock markets mostly rose Friday, May 27, as a recovery in commodity shares helped investors look past weak U.S. economic data and worries about Greece's debt troubles. (AP Photo/Richard Drew)

NEW YORK (AP) — The stock market appears headed for a slightly higher opening ahead of a new report on Americans' income.

The Commerce Department plans to report on personal income and spending for April. Economists expect that both increased by around half of 1 percent. A cut from the amount withdrawn from paychecks for Social Security has given incomes a boost this year. But that extra take-home pay has been pinched by higher gas prices.

Strong earnings and a plea to push Microsoft's CEO aside helped push stocks higher Thursday. Reports that pointed to a weaker economic recovery sent government bond yields to their lowest levels this year.

Ahead of the bell on Friday, Dow Jones industrial average futures are up 3 points at 12,412. S&P 500 futures are up 1 point at 1,327. Nasdaq 100 futures are up 1 at 2,326.