Wall Street Market Report
- 30 May 2014
- From the section Business
(Close): Leading US shares rose slightly on Friday, despite figures showing a drop in consumer spending for the first time in a year.
Spending, which accounts for 70% of overall economic activity, fell 0.1% in April, the Commerce Department said. Spending rose 1% in March.
Outside the main index, shares in Lions Gate Entertainment slumped 12% after the group reported disappointing results, while shares in fashion retailer Express fell 7% after first quarter earnings fell sharply.