Stocks fall as traders cautious ahead of monthly jobs report; personal spending inches higher
NEW YORK – Stocks are falling as investors take a cautious approach to trading before the government's latest report on the jobs market.
A report Monday shows personal income rose less than expected in July, adding to the string of data that points toward a slowdown in growth during the second half of the year. Investors have been focusing on employment data as a key way of predicting where the economy is going. Signs of a slowdown in growth has plagued the market for more than a month.
The Dow Jones industrial average is down 57, or 0.6 percent, at 10,096. The S&P 500 is down 6, or 0.5 percent, at 1,059, while the Nasdaq composite is down 12, or 0.6 percent, at 2,141.