Stocks dip as investors enter week cautiously

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August 30, 2010

Anonymous CNHI The News Courier Mon Aug 30, 2010, 09:12 AM CDT

— NEW YORK (AP) — Stocks are falling in early trading as investors take a cautious approach to trading ahead of the government’s latest report on the jobs market.

A report Monday that showed personal spending crept higher last month had little affect on trading, even though shoppers returning to stores would help the economy.

Investors are cautious because they are more concerned with the Labor Department’s monthly employment report due out at the end of the week. The jobs report is considered the most important economic data of the month, and analysts expect spending growth will remain sluggish as new jobs remain scarce.

The Dow Jones industrial average is down 24, or 0.2 percent, at 10,126. The S&P 500 is down 3, or 0.2 percent, at 1,062, while the Nasdaq composite is down 7, or 0.3 percent, at 2,146.

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