U.S. stocks set to open higher on consumer spending data

Investors have been keeping a sharp eye on economic data for signs of a recovery in the U.S. economy, which came to a crawl in the first quarter, as the Federal Reserve prepares to raise interest rates for the first time in almost a decade. The Commerce Department said consumer spending increased 0.9 percent last month, the biggest gain since August 2009, after the 0.1 percent rise in April. Wall Street closed lower on Wednesday as it took cues from the latest situation in Greece, with all 10 ma