Stocks drop as investors enter week cautiously

Dow down 69 points at 10,081.

NEW YORK (AP) — Stocks fell Monday after further signs of slowing growth added to caution ahead of the government’s crucial jobs report later in the week.
The Dow Jones industrial average fell nearly 50 points in afternoon trading. Broader indexes also dropped. With investors concerned about the health of the economy, money again flowed into the bond market, sending interest rates lower.
A report Monday showed 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.
“The personal income report did little to ease the nervousness about the trajectory of the economy,” said Alan Gayle, senior investment strategist at RidgeWorth Investments. The report did show spending was up in July, but without consistent growth in income, any increase in spending is likely temporary, Gayle said.

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