Nasdaq Composite Index and Commerce Department

personal consumption expenditures: The S&P 500 lost 10.51 points, or 0.51 percent, to 2,065.30, according to Xinhua China. The Nasdaq Composite Index was down 29.93 points, or 0.62 percent, to 4,775.36. The Dow Jones Industrial Average fell 57.12 points, or 0.32 percent, to 17,773.64. U.S. personal consumption expenditures increased 12.8 billion U.S. dollars or 0.1 percent in March, missing market estimates, the Commerce Department reported Friday. It is staying in their pockets, however, as consumer spending grew at the slowest pace in a year," said Jay Morelock, an economist at FTN Financial Friday. In March, personal income increased 57.4 billion dollars, or 0.4 percent, and disposable personal income increased 50.4 billion dollars, or 0.4 percent. "There is over 735 billion USD in savings on the sideline as decent job and income growth continues to put money in consumers' pockets. (news.financializer.com). As reported in the news.