Stocks fell on Friday after news that U.S. consumers spent more last month only because higher gas prices forced them to.
Even with the declines on the last trading day of the quarter, stocks were set to post small gains for the three-month period.
Just after the opening bell, the Dow Jones industrial average was down 93 points at 13,393. The Standard & Poor's 500 index was down nine points at 1,437. The Nasdaq composite index fell 16 points to 3,121.
Americans spent more in August even though their income barely grew, the Commerce Department said. But the spending increase was driven by higher gasoline prices.
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