Falling consumer confidence and a smaller-than-expected rise in new jobs sent stocks lower for a second session Friday. The major indexes each lost more than 1 percent this week.
The Dow Jones Industrial Average fell 58.36, or 0.5 percent, to 10,793.62. The S & P; 500 lost 6.81, or 0.5 percent, to 1,264.03. The Nasdaq Composite Index dropped 18.99, or 0.8 percent, to 2,262.58.
Local movers were led by Ryland Group Inc, which gained 3.2 percent to $71, Molina Healthcare Inc., which rose by 5 percent to $30.10, and True Religion Apparel Inc., which added 5.5 percent to $22.18 On the down side, Macerich Co. slipped 1.8 percent to $70.71, Reliance Steel & Aluminum Co. lost 1.5 percent to $81.57 and Public Storage Inc. fell 1.6 percent to $71.10.
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