Dow industrials dropped again, on the back of Italian bank worries and the Greek bailout A Greek anti-austerity demonstrator hides from police, but Greece can't hide from its debt woes. Picture: AFP. Source: AFP THE Dow industrials dropped, finishing down for the seventh time in eight weeks, as worries about Italian banks, Greece's austerity measures and disappointing technology earnings overshadowed a bigger-than-expected rebound in durable-goods data. The Dow Jones Industrial Average declined 115.42 points, or 1%, to 11934.58, led lower by Cisco Systems, which dropped 54 cents, or 3.5%, to $14.93. Blue chips are down 5.1% this month. The Standard & Poor's 500-stock index dropped 15.05 points, or 1.2%, to 1268.45, as energy and tech stocks were the big decliners. Utilities were the only S&P 500 sector that traded in positive territory. The measure edged 0.2% lower on the week. The technology-oriented Nasdaq Composite fell 33.86 points, or 1.3%, to 2652.89. Technology stocks struggled following disappointing quarterly reports from Oracle and Micron Technology. Still, the index rose 1.4% for the week, snapping a five-week losing streak. Investor jitters manifested after several Italian bank stocks were suspended Friday following a sudden drop in their share prices. Worries over Italian banks come as Greece said it secured a second bailout from the European Union and the International Monetary Fund, according to Prime Minister George Papandreou. Friday's reading on orders for durable goods exceeded economists' expectations, while first-quarter gross domestic product inched up to 1.9%, a little better than expected but not enough to change the slowdown picture the economy faces Oracle fell 1.32, or 4.1%, to 31.14, after the business software and hardware maker late Thursday reported that fiscal fourth-quarter earnings climbed, although hardware systems demand was flat. A disappointing forecast of 10% to 20% growth in new license sales also was a concern. Micron Technology slid 1.22, or 14%, to 7.21, after the memory chip maker's fiscal third-quarter profit and margins continued to slide amid lower selling prices. AMR, the parent company of American Airlines, said it won't reach its goal of keeping costs flat this year. Shares fell 41 cents, or 6.8%, to 5.64.