Dow futures down 125 on AIG loss

Wall Street headed for another big drop even as the government reported gains in personal income and spending. Stock futures pared losses only slightly after the Commerce Department said Monday that incomes rose 0.4 percent and personal spending rose 0.6 percent in January. Both gauges were better than expected. Dow Jones industrial average futures were down 125, or 1.77 percent, to 6,927. Standard & Poor's 500 index futures and Nasdaq 100 index futures were also down about 2 percent. Stock futures were already lower after American International Group Inc. posted a quarterly loss of $61.7 billion. The government, which has already given AIG $150 billion in loans, said it would give the insurer another $30 billion.