Stocks fell Friday as investors set aside any excitement over the Facebook initial public offering and focused on Europe's debt problems. As recently as May 1, the Dow was up 8.7 percent for the year. Now it's up only 1.2 percent. It has fallen 12 of the last 13 trading days.
Friday's declines were broad, with declines for nine out of 10 industry groups in the Standard & Poor's 500 index. Financials and tech stocks had the biggest drops, around 1 percent each.
The Dow Jones industrial average fell 73.11 points, or 0.6 percent, to close at 12,369.38.
The Standard & Poor's 500 index fell 9.64 points, or 0.7 percent, to 1,295.22.
The Nasdaq composite fell 34.90 points, or 1.2 percent, to 2,778.79.
For the week:
The Dow is down 451.22 points, or 3.5 percent.
The S&P 500 is down 58.17 points, or 4.3 percent.
The Nasdaq is down 155.03 points, or 5.3 percent.
For the year so far:
The Dow is up 151.82 points, or 1.2 percent.
The S&P 500 is up 37.62 points, or 3 percent.
The Nasdaq is up 173.64 points, or 6.7 percent.