Stocks Ended Lower, Data Eyed

U.S. stocks ended lower on Monday despite encouraging economic data. The Dow Jones Industrial Average dropped 41.93 points, or 0.25%, to 17,071.22. The S&P 500 was down 5.05 points, or 0.25%, to 1,977.80. The Nasdaq Composite shed 6.34 points, or 0.14%, to 4,505.85.

Consumer spending rebounded toward the end of the summer as Americans bought more cars, electronics and furniture. Consumer spending rose by a seasonally adjusted 0.5% in August after no change in the prior month, the Commerce Department said Monday.

A gauge of pending home sales fell 1% in August, pulling back from an 11-month high in July, the National Association of Realtors reported Monday.

The head of the Federal Aviation Administration ordered a 30-day review Monday of safety and security at agency facilities, after a contract worker set a fire at a regional air-traffic control center Friday that has forced the cancellation of more than 3,500 flights from the busy Chicago hub and continues to disrupt flights.

Some Apple Inc. (AAPL) users are still complaining of hiccups regarding the iOS 8 roll-out. After pulling iOS 8.0.1 early last week due to a number of glitches and then re-releasing the update via iOS 8.0.2 on Friday, customers have continued to post complaints to Apple discussion forums regarding the upgrade.