Dow drops as US personal income plunges

It has sent the index 23.8 points (0.26%) down to 9,263, as the US Commerce Department reported the 1.3% June income decline. Miner Alcoa and oil giants Chevron and Exxon Mobil were among the top five losers, down 1.27% to $12.44, 0.92% to $69.75 and 0.78% to $70.10 respectively. However, mining supply company Caterpillar was the top rising stock, up 2.39% to $46.20. The income figures also revealed a 0.4% increase in US consumer spending in June, which sent shares in Coca Cola up 0.77% to $48.98, with McDonalds 0.54% higher to $55.43. In London the FTSE 100 has continued downwa...