Stock stumble to close out the week NEW YORK, Jan. 13 (UPI) -- Stocks dropped on Wall Street Friday after the U.S. Commerce Department said the trade deficit grew substantially in November. Credit rating agency Standard & Poor's downgraded several European countries, including France and Italy, which shook markets late in the day. By close of trading in New York, the Dow Jones industrial average lost 48.96 points or 0.39 percent to 12,422.06. The Standard & Poor's 500 index lost 6.41 or 0.49 percent to 1,289.09. The tech-heavy Nasdaq composite index lost 14.03 points or 0.51 percent to 2,710.67. On the New York Stock Exchange, 1,060 stocks advanced and 1,972 declined on a volume of 3.4 billion shares traded. The benchmark 10-year treasury note rose 17/32 to yield 1.867 percent.