US STOCKS-Wall St falls as weak auto sales spur growth jitters

martes 2 de agosto de 2016 16:29 GYT
 

* June consumption up 0.4 pct vs estimated 0.3 pct

* Personal income up 0.2 pct vs estimated 0.3 pct

* U.S. crude falls back below $40 a barrel

* Indexes down: Dow 0.49 pct, S&P 0.64 pct, Nasdaq 0.9 pct (Updates to market close)

By Chuck Mikolajczak

NEW YORK, Aug 2 (Reuters) - Wall Street stocks fell on Tuesday, with each of the major indexes notching their worst day in about a month as economic data and weaker-than-expected auto sales spurred concerns about growth.

Shares of Ford and General Motors dropped more than 4 percent each after the two major U.S. automakers reported July vehicle sales slightly below expectations.

The automakers' declines pulled the S&P consumer discretionary sector down 1.5 percent as the worst- performing of the 10 major S&P groups.

Data showed U.S. consumer spending rose more than expected in June as households bought a range of goods and services.   Continuación...