NEW YORK (AP) — Another flare-up in Europe's debt crisis has knocked U.S. markets lower.
Stock indexes waffled between small gains and losses until news broke in the afternoon that Bankia, a hobbled Spanish bank, asked that country's government for nearly $24 billion in support. The head of Germany's central bank also suggested the country wouldn't support region-wide bonds to prop up Spain and other troubled countries.
Signs of a cool-down in Asia also weighed on investors after Taiwan lowered its growth forecast for the year.
The Dow Jones industrial average dropped 75 points to 12,455 Friday. The Standard & Poor's 500 fell three to 1,318. The Nasdaq fell two to 2,838.