March 27, 2009 / 8:15 PM / in 9 years

US STOCKS SNAPSHOT-Wall St off on profit-taking, but up for week

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)

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