Dow Off 11.39 as Stocks Stage Broad Retreat

The stock market recorded another broad decline Friday, suffering from what analysts described as a general mood of wariness.

Energy stocks provided one of the session’s few bright spots.

The Dow Jones average of 30 industrials dropped 11.39 to 1,912.26, finishing the week with a loss of 12.80 points. Volume on the New York Stock Exchange came to 126.61 million shares, down from 135.99 million on Thursday.

Amoco climbed 2 1/2 to 67, Exxon rose 1 5/8 to 71 3/8, Atlantic Richfield gained 1 1/2 to 60 3/4, Chevron climbed 1 to 48, Mobil increased 1 to 40 and Occidental Petroleum rose 3/4 to 28.

ICN Pharmaceuticals tumbled 5 3/8 to 19, posting the day’s biggest percentage loss. The company said a study of the effectiveness of one its drugs in treating acquired immune deficiency syndrome (AIDS) would be continued into January.

Declining issues outnumbered advances by almost two to one in the overall tally on the NYSE, with 533 up, 1,011 down and 499 unchanged.

In the credit market, bond prices turned lower in moderate trading.

In the secondary market for Treasury securities, the key 30-year bond fell nearly 1/2 point, or $5 per $1,000 face amount, and its yield rose to 7.38% from 7.36%, according to Telerate Systems Inc.

In corporate trading, industrials fell 3/8 point and utilities were off 1/8 point in quiet trading, according to Salomon Bros.

The federal funds rate traded at 5.9375%, up from 5.875% on Thursday.