Share
Start of the week and the US stocks like Dow Jones, NASDAQ & S&P 500 fell as worries about the pace of economic recovery overshadowed data showing a rise in consumer spending and income.
Malcolm Polley, president and chief investment officer of Stewart Capital Advisors in Indiana said: "The consumer doesn't have the capacity to grow at a big rate. There's no incentive for people to spend. They continue to pay down debt, and that points to slower-than-desired economic recovery."
The Dow Jones Industrail average dropped 140.92 points to 10,009.73. The S&P 500 lost 15.67 points to 1,048.92. The NASDAQ Composite fell 33.66 points to 2,119.97.
