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2.7%  Q1 GDP    4.57%  avg. 30-year mortgage     9.5%  Unemployment

Stocks up at opening following consumer spending news

Stocks are up following a government report this morning that consumer spending inched up in February.

In the first 20 minutes of trading, the Dow is up half of 1 percent.

The broader S&P 500 is a little more than half of 1 percent and the tech-heavy Nasdaq is up six-tenths of 1 percent.

February consumer spending increased 0.3 percent in February, following a 0.4 percent increase in January. That's better news than a retreat in consumer spending, but it's not enough to turbo-charge the recovery. Consumer spending makes up about 70 percent of U.S. GDP.

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By Frank Ahrens  |  March 29, 2010; 9:48 AM ET
Categories:  Treasury  | Tags: Dow Jones, nasdaq, s&p 500  
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