The U.S stock market saw its shares fluctuate today as soon as it opened colors today after that a mixed income report was released and as earnings reports at companies from Amazon.com Inc. (AMZN) to Wal-Mart Stores Inc. disappointed investors. In fact the Commerce Department showed us today that the personal spending levels in the U.S. came out higher than estimated in December, despite a halt in incomes, which gives out a dampened image for the economy in the first quarter. Consumer spending recorded its strongest gain in three years in the fourth quarter, helping to lift the economy to a 3.2 percent annual growth rate during that period. Household purchases, which account for about 70 percent of the economy, rose 0.4 percent, after a 0.6 percent gain the prior month that was larger than previously estimated. Yet on the other hand income was unchanged last month after rising 0.2 percent in November, possibly reflecting the impact of the end of jobless benefits for about 1.3 million long-term unemployed last month. Accordingly: -The Dow Jones Industrial Average shed 1.20% to 15662.87 -The S&P 500 Index gained 1.04% to 1775.45 -The NASDAQ Composite gained 0.83% to 4089.38 . As of 10:11 a.m. ET As for the dollar index, which measures the strength of the green Benjamin in front of major currencies ,it rose slightly by 0.27 percent to trade around 81.40 while that crude climbed faintly as well to trade around $97.80 a barrel and gold is consolidating currently around $1248.45 an ounce.
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