Wall Street lower after consumer confidence data

U.S. stocks fell on Friday for the third consecutive session after data showed that consumers saw an improvement in lean economy.Retail sales rebounded in July, but showed signs of weakness in the economy, while consumer confidence appears to have stabilized in August, but was still nervousness in the short term.
The reports showed the economy has slowed considerably in recent months, but the numbers were strong enough to mitigate fears of a new recession."Consumer confidence was slightly higher, but the market is convinced that there is a remote risk of a new recession. This suggests that the figures could be weak in the important month of back to school, giving reasons for the pessimism push down the market, "said Jeff Kleintop, chief market strategist at LPL Financial.

Wall Street Market

The Dow Jones industrial average was down 0.15 percent, to 10304.70 points, the Standard & Poor's 500 lost 0.26 percent to 1080.84 and the Nasdaq Composite fell 0.49 percent, to 2179.54.
If the indexes closed lower on Friday, could be the biggest weekly drop in six weeks.
J.C. shares Penney Co Inc fell 2.2 percent to $ 20.34 after the retailer reported quarterly earnings better than expected, although the forecast failed the expectations of Wall Street.
Google Inc shares were down 1 percent and Research In Motion Ltd. slid 1.3 percent, weighed on the Nasdaq.
India could veto Google messaging services due to security fears, said the Financial Times. The government is seeking a similar measure with BlackBerry services from Research In Motion Ltd.
Separately, Google was sued by Oracle Corp for alleged violation of patents related to its popular program for Android phones.