The Group of Eight world leaders said the recovery was becoming more self-sustained but commodity prices and debt were still a concern.
Personal income and personal spending rose 0.4 percent in April, the Commerce Department reported. Personal income had been up 0.4 percent in March, and April's gain was expected, while spending was up less than expected in April, after rising 0.5 percent in March.
The final reading of the Reuters/University of Michigan consumer sentiment survey will be released at 9:55 a.m. No change is expected. Pending home sales figures for March will be out at 10 a.m.
In earnings news, Marvel Technology jumped despite an unexpectedly big drop in profits as the the semiconductor firm gave a surprisingly upbeat outlook.
Medco Health Solutions sank after news that Blue Cross Blue Shield will moveits mail order and specialty pharmacy benefit coverage for the Federal Employee Program from the health care company, which specializes in pharmacy services.
Elsewhere, eBay and PayPal are suing Googleover trade secrets.
On Tap Next Week:
MONDAY: Memorial Day—All Markets Closed.
TUESDAY: S&P Case-Shiller Home Price Index, Chicago PMI, consumer confidence, farm prices.
WEDNESDAY: Mortgage applications, Challenger job-cut report, ADP employment report, ISM manufacturing index, construction spending, auto sales; D9: All Things Digital Conference.
THURSDAY: Chain store sales, jobless claims, factory orders, natural gas inventories, oil inventories, money supply.
FRIDAY: Non-farm payroll report, ISM non-manufacturing index; Wal-Mart shareholder meeting.
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