Financials Push Down Indexes U.S. stocks edged down, as financials fell in the wake of a new criminal probe into Goldman Sachs and technology stocks weakened on disappointing earnings.

Stocks were trading lower Friday as concerns about tightened financial regulations pressured the financial sector. GDP rose 3.2% in the first quarter.

U.S. stocks fall sharply Friday, deepening their declines in afternoon trading as major bank shares fall following the report of a criminal probe into Goldman Sachs Group, Inc.

Stocks fell sharply Friday after the government issued a weaker-than-expected reading on the economy. A drop in consumer sentiment and concerns surrounding financial regulation contributed to the selling.

The Dow Jones Industrials Average fell 106 points to 11,066.73 points on Friday, further deepening its weekly loss, as major bank shares sank further in the wake of reports of a criminal probe into Goldman Sachs Group, Inc. . J.P.

Stocks tumble on reports that a criminal probe into bank s mortgage securities.

Dendreon shares gain the day after the U.S. Food and Drug Administration finally approved its prostate cancer therapy Provenge.

The Dow Jones Industrials Average fell 68 points to 11,099.08 points on Friday, while the Nasdaq Composite declined 26 points to 2485.61 points and the S&P 500 lost 11 points to 1,196.22 points – all wading deeper into the red as techs slid on earnings and financials are under pressure as Goldman Sachs Group Inc. was hit with a new criminal probe.

U.S. stocks extended declines on Friday as shares of Goldman Sachs slid on reports of a federal probe into the Wall Street powerhouse and after first-quarter gross domestic product came in weaker than expected.

Goldman Sachs Group Inc. s shares tumble more than 8% Friday, leading a drop in financial stocks, after reports the U.S. government may pursue criminal charges against the company trigger analysts downgrades.