Wall Street down, Europe shares in first weekly drop since April

World News: . []

A man walks past the London Stock Exchange in the City of LondonBy David Gaffen and Barani Krishnan NEW YORK (Reuters) - U.S. stocks edged lower on Friday as mixed economic data pushed Wall Street towards a second week of losses in three, and European equities had their first weekly drop since April on worries over unrest in Iraq and Ukraine. "That should be enough to continue driving buyers, even with disappointing news." The Dow Jones industrial average .DJI fell 63.45 points or 0.38 percent, to 16,782.68, the S&P 500 .SPX lost 3.53 points or 0.18 percent, to 1,953.69 and the Nasdaq Composite .IXIC added 1.856 points or 0.04 percent, to 4,380.902. Nike Inc NKE.N shares rose 1.6 percent to $78.15 a day after its fourth-quarter earnings beat expectations.

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