NEW YORK, April 22 -- A fresh wave of worries pushed stocks lower Friday as investors dealt with disappointing earnings in the consumer sector, rising oil prices and the possibility of a nuclear weapon test by North Korea. Stocks finished the week higher, however.
Investors worried that disappointing news from consumer retailers and manufacturers spelled a cutback in consumer spending.
But stocks held to modest losses for most of the session, until the Wall Street Journal reported that the United States thought North Korea was preparing for a nuclear weapons test. Investors cashed out despite the previous session's gains, which were the best in two years.
The Dow Jones industrial average fell 60.89, or 0.6 percent, to 10,157.71. Broader stock indicators also fell substantially. The Standard & Poor's 500-stock index was down 7.83, or 0.68 percent, at 1152.12. The Nasdaq composite index lost 30.22, or 1.54 percent, to 1932.19.
But Thursday's strong rally nonetheless made for Wall Street's second winning week in the past three. The Dow ended the week up 70.20, or 0.7 percent, finishing at 10,157.71; the S&P 500 gained 9.50, or 0.83 percent, to close at 1152.12; and the Nasdaq rose 24.04, or 1.26 percent, closing Friday at 1932.19.
Nasdaq Stock Market Inc. was up $2.78, at $13.43, after announcing plans to purchase Instinet Group's electronic trading network. Instinet skidded 51 cents, to $5.19.
Google surged $11.59, to $215.81, on its earnings report.
But Costco warned that gasoline sales were eroding its margins and slid $3.85, to $40.17.
Slower sales have forced Maytag to ramp up its cost-cutting. It plunged $4.21, to $10.89.
Eastman Kodak also had a rough quarter and tumbled $2.85, to $27.66.
MCI climbed 19 cents, to $26.69, after Qwest raised its bid to $30 per share. Qwest shed 6 cents, to $3.55, while Verizon was down 20 cents, at $34.06.
The New York Stock Exchange composite index fell 33.33, to 7015.85; the American Stock Exchange index rose 0.24, to 1449.97; and the Russell 2000 index of smaller-company stocks fell 9.45, to 589.53.
Declining issues outnumbered advancing ones by 3 to 2 on the NYSE, where trading volume fell to 1.68 billion shares, from 1.83 billion on Thursday. On the Nasdaq Stock Market, decliners outnumbered advancers by 2 to 1 and volume totaled 1.82 billion, down from 1.98 billion.
The price of the Treasury's 10-year note rose $3.75 per $1,000 invested, and its yield fell to 4.25 percent, from 4.30 percent on Thursday.
The dollar fell against the Japanese yen and the euro. In late New York trading, a dollar bought 106.04 yen, down from 106.86 late Thursday, and a euro bought $1.3074, up from $1.3058.
Light, sweet crude oil for June delivery settled at $55.39, up $1.19, on the New York Mercantile Exchange.
Gold for current delivery rose to $434.30 a troy ounce, from $433.00 on Thursday, on the New York Mercantile Exchange's Commodity Exchange.