Commerce Department and Chinese Stocks

Nasdaq Composite Index: The S&P 500 increased 1.21 points, or 0.06 percent, to 1,988.87, according to Xinhua China. The Nasdaq Composite Index rose 15.62 points, or 0.32 percent, to 4,828.33. The Dow lost 11.76 points, or 0.07 percent, to 16,643.01. Chinese stocks recovered more than 10 percent in two days after a five-day losing streak that wiped out a fifth of the market value. On the economic front, U.S. personal income in July increased 0.4 percent, and disposable personal income rose 0.5 percent, according to the U.S. Commerce Department Friday. The benchmark Shanghai Composite Index climbed 4.82 percent to close at 3,232.35 points on Friday, following a 5.34-percent rebound the previous day. (news.financializer.com). As reported in the news.