Friday's early afternoon trade: Wall Street drops

US stocks fell, with the S&P 500 and Nasdaq off 2 percent or more on Friday on worries that heavy eurozone debt loads could stymie a global recovery, while Visa and MasterCard led the financial sector lower after the US Senate backed limits on card fees.
The initial optimism over moves to stem the eurozone debt crisis ebbed on concerns the efforts won't be enough, and that plans to rein in national budgets could stifle growth. The Dow Jones industrial average was down 181.99 points, or 1.69 percent, at 10,600.96. The Standard & Poor's 500 Index was down 23.22 points, or 2.01 percent, at 1,133.22. The Nasdaq Composite Index was down 55.20 points, or 2.31 percent, at 2,339.16.