Pre-Market Primer: Dividends Led to Higher December Incomes
Posted on January 31, 2013 at 08:45 AM EST
Stocks are mixed today after news that US personal incomes rose more than expected. Initial claims for unemployment insurance came in higher than expected last week. 368 000 Americans filed as unemployed last week 30 000 more than the week before. Economists expected only 351 000 claims. US consumer spending rose 0.2% in December while incomes rose 2.6%. An income rise of 0.3% was expected but special dividends from companies padded American's pockets last month. Tomorrow the Super Bowl of economic indicators the non-farm payrolls report is expected to show 185 000 new hires in January and a tenth ...
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