U.S. Stock Futures Are Lower as Additional Economic Data is Released

U.S. stock futures are lower:  Markets are poised to open down today as additional economic data is released. For the week so far, the S&P is down roughly 1.6%.  The personal consumption expenditure price index for December rose 4.9% annually, the largest gain since 1983 and a tad bit higher compared to street estimates of 4.8% & the monthly gain was 0.5% - in line.  Additionally, personal income rose and spending declined in December. Treasury yields have eked down a couple basis points after reports.  Trading has been volatile throughout the day, with wild swings moving from positive to negative territory.  Corporate earnings continue to be a bright spot.  Roughly one-third of the S&P companies have report and 78% reported results that have exceeded estimates.  Corporate spreads have widened out over the last week but still at the lower end of the two-year historical range.