Tokyo stocks fell moderately in early trading Friday, with market sentiment dampened by a retreat on Wall Street

Tokyo stocks fell moderately in early trading Friday, with market sentiment dampened by a retreat on Wall Street. The dollar was lower against the yen. The benchmark 225-issue Nikkei Stock Average lost 76.73 points, or 0.73 percent, to 10,421.53 at the open. On Thursday, the average gained 202.24 points, or 1.96 percent. Investor confidence in the United States remains glum because of the market's weak performance and a series of accounting scandals. At the same time, prospects for an upbeat economic recovery have all but receded. Most analysts now say the U.S. economy particularly corporate profits will at best grow modestly. In currency dealings, the dollar slipped against the yen amid retreating U.S. equities on Wall Street. In other currencies, the euro was traded at 117.87 yen, up from 117.44 yen late Thursday in Tokyo. Against the dollar, the euro was quoted at 1.0106, up from 1.0095 in New York.