Wall Street Falls Amid Mixed Data

FOX Business: The Power to Prosper The markets slipped on Monday as traders mulled mixed U.S. economic data and a bounty of corporate headlines. Today's Markets As of 11:00 a.m. ET, the Dow Jones Industrial Average fell 34 points, or 0.26%, to 13194, the S&P 500 dipped 7 points, or 0.5%, to 1396 and the Nasdaq Composite slipped 17.8 points, or 0.58%, to 3051. The financial and industrial sectors were the hardest hit on the day, with companies like Bank of America (BAC: 8.14, -0.10, -1.27%) and Boeing (BA: 76.16, -1.11, -1.44%). The health-care sector performed the best, helped by rallying Merck (MRK: 39.08, +0.62, +1.61%) shares. The American economy is expected to come squarely into focus this week with important reports on tap daily and the closely-watched monthly employment report due on Friday. Consumer spending rose 0.3% in March from February, the Commerce Department reported, slightly shy of the 0.4% gain economists expected. Meanwhile, personal income climbed 0.4% for the month, a slightly bigger gain than the 0.3% that was expected. The report also showed consumers' saving rate ticking up by 0.1-percentage point to 3.8%. Continue reading this article

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