Personal Income Off 0.7% As Spending Lags Inflation (Investor’s Business Daily)

Investor's Business Daily - Consumers put the brakes on spending while personal income plunged in July, the Commerce Department said Friday, as the effect of rebate checks faded and inflation sapped buying power.

Stocks end lower on personal income data (AP)

Traders work on the floor of the New York Stock Exchange March 17, 2008. (Brendan McDermid/Reuters)AP - Wall Street tumbled Friday after the government said personal incomes fell last month by the largest amount in nearly three years while consumer spending slowed. The Dow Jones industrial average fell more than 170 points, while a disappointing profit report from computer maker Dell Inc. weighed on the technology-heavy Nasdaq composite index.


Stocks end lower on personal income data (AP)

AP - Wall Street tumbled Friday after the government said personal incomes fell last month by the largest amount in nearly three years while consumer spending slowed. The Dow Jones industrial average more than 170 points, while a disappointing profit report from computer maker Dell Inc. weighed on the technology-heavy Nasdaq composite index.

Month of Change Ends on Familiar Note

Change your direction.You ain't gonna change it.Can't rearrange it.Can't stand the pain.Failing miserably to build on Thursday's big rally, major averages tumbled into the weekend leaving some (older) traders humming a few bars of Aeros

Stocks tumble as Dell warns on tech spending (Reuters)

Traders work on the floor of the New York Stock Exchange March 17, 2008. (Brendan McDermid/Reuters)Reuters - U.S. stocks tumbled on Friday, led lower by tech shares after computer maker Dell warned that companies worldwide are cutting back on technology spending.




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