Marts down

Stocks fell ahead of the holiday weekend as reports of weakness in Spain outweighed a better-than-expected reading on US consumer confidence. The Dow Jones industrial average fell 74.92 points, or 0.6 percent, to 12,454.83. Nevertheless, the blue-chip benchmark capped its first weekly increase this month.

JPMorgan exit

Lou Lebedin, a former Bear Stearns exec who had become JPMorgan Chase’s global head of prime brokerage, is being replaced in that role, according to sources.

No, thanks

Apple CEO Tim Cook is forgoing a $75 million dividend to which he is entitled.

Facebook hit

The market-making arms of UBS and Citigroup suffered combined losses of about $50 million on trades made during last the May 18 glitch-plagued listing of Facebook on the Nasdaq, according to sources.

Sleep easy

Tempur-Pedic, a luxury mattress maker, rose 4 percent to $48.97 at the close. Select Comfort, the maker of Sleep Number beds, advanced 5.5 percent to $28.04.