After posting significant gains in February, the US market indices increased on Friday, with the NASDAQ on track to set a new record high.
According to recent data, US personal spending increased 0.3% month over month and 2.4% year over year in January, down significantly from December.
Core spending increased 2.8% year over year in January, down from December's 2.8% m/m increase.
According to these figures, inflation is gradually slowing down in line with the Fed's objectives.
Investors are currently evaluating how the data may affect the Federal Reserve's future policy choices.
As of 15:32 GMT, the Dow Jones increased by 0.1%, or 7 points, to 39,003, the S&P 500 increased by 0.2%, or 12 points, to 5108, and the NASDAQ increased by 0.3%, or 52 points, to 16,144.
