NEW YORK - Stocks fell Thursday, with investors too worried about high gas prices and stagnant employment to be impressed by higher consumer spending.
For much of August, with many traders on vacation and a dearth of major economic news, the market has lumbered more than galloped. The Dow Jones industrial average closed down 106.77 points to 13,000.71. The Standard & Poor's 500 fell 11.01 to 1,399.48. The Nasdaq composite slid 32.48 to 3,048.71.
The economic news that did surface Thursday was uninspiring to investors.