Market Wrap: Ford Cuts Outlook; Splitsville for NiSoure; Pending Sales Slump in August - InvestingChannel

Market Wrap: Ford Cuts Outlook; Splitsville for NiSoure; Pending Sales Slump in August

Market wrap for September 29th

End of the Day: S&P 500 down 5.1 to 1,977.80; Dow Jones down 6.3 to 4,505.85; Nasdaq down 41.9 to 17,071.22

* Personal income increased $47.3 billion, or 0.3 percent, and disposable personal income (DPI) increased $35.2 billion, or 0.3 percent, in August, according to the Bureau of Economic Analysis. (The Street was looking for a gain of 0.3 percent.) Personal consumption expenditures (PCE) increased $57.5 billion, or 0.5 percent. In July, personal income increased $35.9 billion, or 0.2 percent, DPI increased $24.6 billion, or 0.2 percent, and PCE increased