Daily Three: Consumer Spending Sees A Slowdown, Crude Inventories Dip 3.9 Million Barrels, Pending Home Sales Fall Sharply In May
- Consumer Spending rose only 0.2% in May representing a slowdown in growth for the nation’s largest economic contributor. CNBC
- Crude stocks continue to fall driving prices in oil back up with the EIA reporting a 3.9 million barrel draw in stocks. The Wall Street Journal
- Pending home sales took a dive in May falling 3.7% marking the first annual decline in nearly 2 years. MarketWatch