Upbeat Consumer Spending Lifts Markets

Personal spending rose by 0.9% in January as warm weather and lower oil prices lured consumers to the mall. The Dow jumped 68 points to 11,061 while Nasdaq climbed 28 points to 2,310. S&P 500 gained 9 points to 1,290. The 30-year bond slipped as the yield rose to 4.554%.