NEW YORK, Oct. 30 (Xinhua) -- U.S. stocks ended lower on Monday as investors mainly focused on earnings reports as well as economic data.
The Dow Jones Industrial Average shed 85.45 points, or 0.36 percent, to 23,348.74. The S&P 500 lost 8.24 points, or 0.32 percent, to 2,572.83. The Nasdaq Composite Index inched down 2.30 points, or 0.03 percent, to 6,698.96.
U.S. personal income increased 66.9 U.S. billion dollars, or 0.4 percent, in September, according to the Commerce Department Monday.
In September, U.S. disposable personal income (DPI) increased 53.0 billion dollars, or 0.4 percent, and personal consumption expenditures (PCE) increased 136.0 billion dollars, or 1.0 percent.
Meanwhile, investors continued to keep a close eye on earnings this week, with Apple, Tesla and Starbucks, among others, set to report.
The latest data from Thomson Reuters showed that the S&P 500 companies' blended earnings in the third quarter of 2017 are expected to rise 6.7 percent year on year, while the revenues are forecast to increase 5.1 percent.
In corporate news, Lennar announced on Monday that it was buying CalAtlantic for 9.3 billion dollars, creating the largest U.S. homebuilder. Lennar's stock dropped 3.98 percent, while CalAtlantic shares surged 21.31 percent.
U.S. stocks posted gains for the last week as investors digested a slew of generally upbeat quarterly results amid economic data. Enditem
