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U.S. stocks broke a three-day winning streak on Friday as Europe’s debt crisis engulfed markets with renewed fears that Spain may be unable to dodge a costly bailout.
The Dow Jones industrial average was down 120.79 points, or 0.93 percent, at 12,822.57. The Standard & Poor’s 500 Index was down 13.85 points, or 1.01 percent, at 1,362.66. The Nasdaq Composite Index was down 40.60 points, or 1.37 percent, at 2,925.30.