US STOCKS-Market drops on Boeing, weak consumer data

                                
 * Consumer weakness seen hurting recovery's chances
                                
 * Boeing supplier stops Dreamliner production
                                
 * JC Penney drags after comments on full-year outlook
                                
 * Indexes off: Dow, S&P 1.5 pct, Nasdaq 1.9 pct
                                
 * For up-to-the-minute market news click [STXNEWS/US]
 (Updates to late afternoon, changes byline)
                                
 By Chuck Mikolajczak
                                
 NEW YORK, Aug 14 (Reuters) - U.S. stocks fell broadly on
Friday, with major indexes dropping more than 1 percent as weak
consumer sentiment data fueled concerns about the strength of
an economic recovery.
                                
 Boeing Co <BA.N> was the top drag on the Dow Jones
industrial average after the aerospace company said an Italian
supplier ceased production in June on two sections of Boeing's
long-delayed 787 Dreamliner plane because of structural flaws.
<For details click [ID:nLE480360]>.
                                
 Shares of Boeing slid 4.4 percent to $44.59.
                                
 Data from the Reuters/University of Michigan Surveys of
Consumers showed consumer confidence fell more than expected in
August, dropping to its lowest level since March.
[ID:nN14304812]
                                
 "We had a nice move up to 1,000 on the S&P 500, which was a
big level. We were holding there, it seemed like everything was
OK," said Todd Leone, head of listed trading at Cowen & Co in
New York. "And then the numbers that came out today really
weren't that great."
                                
 "If it was that, or if we got a little bit over-extended
here, it kind of took the market down here a little bit."
                                
 With consumers accounting for about 70 percent of U.S.
economic activity, the drop in sentiment underscores the worry
that the economic recovery could be weak.
                                
 The Dow <.DJI> dropped 137.70 points, or 1.47 percent, to
9,260.49. The Standard & Poor's 500 Index <.SPX> fell 15.31
points, or 1.51 percent, to 997.42. The Nasdaq Composite Index
<.IXIC> slid 37.24 points, or 1.85 percent, to 1,972.11.
                                
 Retail stocks fell on the poor sentiment data and a weak
outlook from department store JC Penney Inc <JCP.N>.
                                
 JC Penney tumbled 6.2 percent to $31.27 while the S&P
Retail index <.RLX> fell 2 percent after the department store
signaled that its full-year results could fall short of
expectations. [ID:nN14262827]
                                
 Abercrombie & Fitch Co <ANF.N>, which climbed 3.7 percent
to $34.18, was a bright spot among retailers after it reported
second-quarter results and said its international growth plans
remained on track. [ID:nBNG450751]
                                
 Among other economic indicators on Friday, U.S. industrial
output gained for the first time in nine months in July, rising
more than expected, and U.S. consumer prices suggested that
inflation would remain mild. [ID:nN13244265]
  (Reporting by Chuck Mikolajczak; Editing by Padraic Cassidy)