NEW YORK (MarketWatch) — U.S. stocks fell steeply on Monday, with a triple-digit point drop in the Dow Jones Industrial Average adding to August’s losses so far, as the latest economic data on personal income and spending fueled ongoing concerns about the economy. The Dow Jones Industrial Average fell 140.92 points, or 1.4%, to 10,009.73, as 29 of its 30 components ended lower. Hewlett-Packard Co. was the sole blue-chip gainer, gaining 1.5% after it announced a share-repurchase plan amid its pursuit of a deal to acquire 3Par Inc. . The Dow is currently off 4.4% for August with one trading session left in the month. The S&P 500 index fell 1.5% to end at 1,048.92, weighed by a 2.2% drop in its financials sector. The broad-market average is down 4.8% for August so far. The Nasdaq Composite dropped 1.6% to 2,119.97. The technology-heavy index has dropped 6% in the month so far.
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