Stocks Mostly Positive as May Ends; Consumer Spending Drops (GES, DELL)

[Data as of 2:00 PM EST] On Friday it was reported that consumer spending dropped in April, a sign that growth in the economy may be slowing down. This was the first decline since last May. At the same time consumer sentiment rose to its strongest level since July 2007 due to real-estate gains and rising stock prices. Dell (DELL) shares were trading higher after the company urged shareholders to vote for the founder and Silver Lake's proposed buyout. Tesla (TSLA) fell about 2.7% after announcing expansion plans while Guess (GES) surged on earnings that beat investors' expectations.
Stocks in the UK continued to tumble on Friday and fell 1.1% for the week.

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Published on May 31, 2013
By InvestorGuide Staff

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