Stocks point to lower open after mixed econ data

Wall Street is set to pare this week's huge gains as data showed a rise in personal spending but a decline in incomes last month.

The Commerce Department said personal spending rose 0.2 percent in February, as expected. Personal incomes fell 0.2 percent, though. Economists surveyed by Thomson Reuters/IFR had predicted an income drop of 0.1 percent.

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