U.S. stock futures signaled a largely flat open after a government report confirmed personal spending fell in February to its weakest level in 17 months and retailer J.C. Penney Co. lowered its profit outlook.
The Commerce Department's report showed consumer spending rose by 0.1 percent last month, in line with Wall Street's expectations. But word that personal incomes rose by 0.5 percent in February came as a surprise. Wall Street was looking for a 0.3 percent rise.
Investors appeared somewhat cheered after the report showed that an important inflation gauge that is tied to consumer spending rose only 0.1 percent when excluding often-volatile energy and …
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