Dogecoin (CRYPTO: DOGE) is falling on Monday. The coin is down 7.1% from 4 p.m. ET on Sunday, as of 12:51 p.m. The move comes as the S 500 is up 0.3% and the Nasdaq Composite has gained 0.7%.

Dogecoin is feeling pressure as investors digest news from the broader economy. Some signs of slowed consumer spending could spell trouble for the meme coin.

's quarterly report failed to meet Wall Street's targets across the board. CEO Scott Boatwright said his company is facing "consistent macroeconomic pressures," and that younger customers, a core group for the company, are tightening their belts and visiting Chipotle less often.

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Source Fool.com