Stocks pulled back Friday following three days of gains on renewed worries about Europe. Bank stocks led the way lower after a region of Spain asked Madrid for financial aid to help repay its debt. That stoked fears about Europe’s economic crisis and prompted traders to cash in recent gains.
The Dow Jones industrial average ended down 120.79 points, or 0.93%, at 12,822.57. The S&P 500 Index closed down 13.85 points, or 1.01%, at 1,362.66. The Nasdaq Composite Index finished down 40.60 points, or 1.37%, at 2,925.30.
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