Bank stocks led Wall Street lower on Friday after a Spanish region asked the Madrid government for financial aid, rekindling fears about Europe's economic crisis and prompting traders to cash in recent gains. On Friday, the technology sector of the S&P 500 outperformed the broader market with the help of Google shares, which were up 2.8 percent at $609.65. The KBW bank index fell 1.4 percent taking its weekly decline to 1.8 percent so far.
The Dow Jones industrial average fell 108.38 points, or 0.84 percent, to 12,834.98. The S&P 500 Index dropped 11.98 points, or 0.87 percent, to 1,364.53. The Nasdaq Composite lost 32.84 points, or 1.11 percent, to 2,933.06.