U.S. stocks open mixed amid economic data

(MENAFN) As investors absorbed the country’s recent released personal income and outlays data, U.S. stocks opened mixed Friday, which is the last trading day of the third quarter.

In line with market estimates, U.S. personal income increased 28.6 billion U.S. dollars or 0.2 percent in August, according to the commerce Department.

On the other hand, U.S. disposable personal income increased 14.9 billion dollars, or 0.1 percent, and personal consumption expenditures (PCE) increased 18.0 billion dollars or 0.1 percent in August.

The PCE price index, the Federal Reserve’s preferred measure of inflation, increased 0.2 percent. Excluding food and energy, the PCE price index increased 0.1 percent.



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