NEW YORK, March 27 (Reuters) - U.S. stocks closed lower on Friday as investors booked profits following of a recent upward surge and bank shares dropped after executives indicated March had been a tougher month for the industry than the previous two.
* Energy shares dip, oil falls 3.6 percent
* According to preliminary figures, the Dow Jones industrial average .DJI dropped 148.38 points, or 1.87 percent, to 7,776.18. The Standard & Poor’s 500 Index .SPX fell 16.92 points, or 2.03 percent, to 815.94. The Nasdaq Composite Index .IXIC slid 41.80 points, or 2.63 percent, to 1,545.20.
* For the week, the Dow rose 6.8 percent, the S&P 500 gained 6.2 percent and the Nasdaq added 6 percent. All registered a third straight week of gains. (Reporting by Rodrigo Campos; editing by Gary Crosse)