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8B – Daily News – Tuesday, August 31, 2010 NEW YORK (AP) — Stocks fell Monday after more signs of slowing economic growth got investors worried ahead of a key report on jobs later this week. The Dow Jones industrial average lost ground throughout the day and closed with a loss of 141 points. Other indexes also fell more than 1 percent. Bond prices rose, sending inter- est rates lower, as money moved back into the Treasury market. The latest cause for worry on the economy came in a report early Monday showing that per- sonal incomes rose less than expected in July. That added to a series of discouraging eco- nomic indicators recently sug- gesting that growth could slow down in the second half of the year. ‘‘The personal income report did little to ease the nervous- ness about the trajectory of the economy,’’ said Alan Gayle, senior investment strategist at Stocks drop as investors enter week cautiously Wall Street RidgeWorth Investments. The report did show spending was up in July, but without consis- tent growth in income, any increase in spending is likely temporary, Gayle said. Investors have been focusing on employment data as a way of predicting where the economy is going. Signs of a slowdown in growth has plagued the mar- ket for more than a month. Investors are unsure if compa- nies will be able to keep up strong earnings growth if the recovery runs out of steam or falls back into recession. ‘‘You have to prepare for slower growth,’’ said Mark Tep- per, managing partner at Strate- gic Wealth Partners. ‘‘As con- sumer spending goes down, businesses will experience lower earnings.’’ Investors have been betting in recent weeks that the weaker economic reports will translate into smaller earnings than pre- viously thought. That, in turn, has helped drive stocks lower to match the diminished expecta- tions. The Dow fell 140.92, or 1.4 percent, to close at 10,009.73. The Standard & Poor’s 500 index fell 15.67, or 1.5 percent, to 1,048.92, while the Nasdaq composite index fell 33.66, or 1.6 percent, to 2,119.97. About four stocks fell for every two that rose on the New York Stock Exchange, where volume was very light at 820 million. The yield on the 10-year Treasury note, which moves opposite its price, fell to 2.53 percent from 2.65 percent late Friday. That yield helps set interest rates on mortgages and other consumer loans. Biotechnology company Genzyme said Sanofi-Aventis’ $69 per share offer undervalues the company. Genzyme shares jumped $2.29, or 3.4 percent, to $69.91, while Sanofi fell 29 Active Senior Citizens A Retirement Community for the ◆ Independent Living ◆ Private Apartments ◆ Three Nutritious Meals Daily ◆ 24 Hour Secure Environment ◆ House Keeping Services ◆ Warm & Friendly Staff cents to $28.63. 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