NEW YORK, Aug. 29 (Xinhua) -- Wall Street lost some ground in morning trading Friday, as the U.S. government said personal incomes fell more than expected in July and Dell reported disappointing results.

    The U.S. Commerce Department reported that personal incomes fell 0.7 percent in July. It was the first decrease since August 2005 and worse than the 0.1 percent decrease that analysts had expected.

    Meanwhile, consumer spending rose a modest 0.2 percent, in line with previous estimates. But the reading increased 0.6 percent in June.

    Lower-than-expected earnings from Dell dragged down technology-heavy Nasdaq. Dell fell nearly 13 percent, after the company's profit margins came in well below what analysts had expected.

    Light, sweet crude rose 1.67 U.S. dollars to 117.26 dollars a barrel in early trading on the New York Mercantile Exchange, as Tropical Storm Gustav advanced toward the Gulf of Mexico.

    The Dow Jones fell 114.64 to 11,600.54. Broader indexes also traded lower. The Standard & Poor's 500 index dipped 12.27 to 1,288.41; and the Nasdaq slipped 43.89 to 2,367.75.