Chimperor Bush says he Economy is fine

U.S. stocks fell, retreating from the biggest weekly advance in five months, on concern mortgage defaults will stymie consumer spending.

The Standard & Poor's 500 Index dropped after reports showed consumer confidence decreased the most since 2005 last month and home values had the steepest tumble in at least five years in June. Bank shares were the biggest drag on the index as investors speculated tighter credit markets will crimp their earnings.