Bluefield Daily Telegraph in Bluefield, West Virginia

Dow Drops Over 170 Points On Weak Income Data

Wall Street fell as personal incomes dropped 0.7 percent in July, the largest decline in almost three years, while consumer spending rose just 0.2 percent. Dell’s disappointing results weighed on the Nasdaq as investors eyed Hurricane Gustav and preholiday trading. The Dow slid 171.22 to 11,543.96, the S&P 500 fell 17.85 to 1,282.83, and the Nasdaq dropped 44.12 to 2,367.52.